O Brien Greene & Co. Inc Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

O Brien Greene & Co. Inc raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,757 shares of the company’s stock after acquiring an additional 115 shares during the period. O Brien Greene & Co. Inc’s holdings in PepsiCo were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. Finally, Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.2 %

PEP stock opened at $145.81 on Thursday. The stock has a market capitalization of $199.98 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50-day simple moving average of $149.16 and a 200-day simple moving average of $162.60. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.