Guyasuta Investment Advisors Inc. Has $40.82 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Guyasuta Investment Advisors Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,431 shares of the company’s stock after purchasing an additional 11,717 shares during the quarter. PepsiCo comprises about 2.6% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in PepsiCo were worth $40,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Aveo Capital Partners LLC boosted its stake in shares of PepsiCo by 7.4% during the 4th quarter. Aveo Capital Partners LLC now owns 5,870 shares of the company’s stock worth $893,000 after acquiring an additional 405 shares during the period. Manchester Capital Management LLC boosted its stake in shares of PepsiCo by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 13,969 shares of the company’s stock worth $2,124,000 after acquiring an additional 315 shares during the period. CapWealth Advisors LLC boosted its stake in shares of PepsiCo by 0.6% during the 4th quarter. CapWealth Advisors LLC now owns 106,056 shares of the company’s stock worth $16,127,000 after acquiring an additional 665 shares during the period. Empire Life Investments Inc. boosted its stake in shares of PepsiCo by 3.6% during the 4th quarter. Empire Life Investments Inc. now owns 112,427 shares of the company’s stock worth $17,096,000 after acquiring an additional 3,861 shares during the period. Finally, PineStone Asset Management Inc. boosted its stake in shares of PepsiCo by 21.6% during the 4th quarter. PineStone Asset Management Inc. now owns 2,221,971 shares of the company’s stock worth $337,873,000 after acquiring an additional 395,075 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock opened at $143.39 on Friday. The stock’s 50-day moving average is $150.09 and its 200 day moving average is $163.41. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.