PepsiCo, Inc. (NASDAQ:PEP) Stock Position Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 27.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,745 shares of the company’s stock after buying an additional 17,474 shares during the period. PepsiCo makes up 0.6% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 29th largest position. Harvest Fund Management Co. Ltd’s holdings in PepsiCo were worth $12,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the third quarter worth $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Finally, Human Investing LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $39,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEP. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price on the stock. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $148.99 on Wednesday. The business’s 50-day moving average price is $148.94 and its two-hundred day moving average price is $159.58. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $204.34 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.64%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.