Flputnam Investment Management Co. Has $17.02 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Flputnam Investment Management Co. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,911 shares of the company’s stock after selling 4,682 shares during the period. Flputnam Investment Management Co.’s holdings in PepsiCo were worth $17,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Tower Bridge Advisors increased its position in PepsiCo by 0.6% in the 4th quarter. Tower Bridge Advisors now owns 95,688 shares of the company’s stock valued at $14,550,000 after acquiring an additional 605 shares during the period. Tufton Capital Management increased its holdings in PepsiCo by 0.5% in the fourth quarter. Tufton Capital Management now owns 34,513 shares of the company’s stock valued at $5,248,000 after purchasing an additional 180 shares during the period. Dynasty Wealth Management LLC bought a new position in PepsiCo during the 4th quarter worth $250,000. Altrius Capital Management Inc lifted its holdings in PepsiCo by 4.4% during the 4th quarter. Altrius Capital Management Inc now owns 25,979 shares of the company’s stock worth $3,951,000 after buying an additional 1,096 shares during the period. Finally, Pettyjohn Wood & White Inc. grew its position in shares of PepsiCo by 0.7% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 61,413 shares of the company’s stock valued at $9,338,000 after buying an additional 435 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.0 %

Shares of PepsiCo stock opened at $153.47 on Friday. The stock has a market capitalization of $210.48 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 3.09 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 stock has a 50 day moving average price of $148.59 and a two-hundred day moving average price of $161.60. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm posted $1.78 EPS. PepsiCo’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PEP shares. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Profile

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.