PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lessened by Meridian Wealth Partners LLC

Meridian Wealth Partners LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 28.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315 shares of the company’s stock after selling 526 shares during the quarter. Meridian Wealth Partners LLC’s holdings in PepsiCo were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Tcfg Wealth Management LLC increased its holdings in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC raised its position in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares during the period. Marshall Financial Group LLC raised its position in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after purchasing an additional 70 shares during the period. Osprey Private Wealth LLC raised its position in shares of PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, Michael S. Ryan Inc. raised its position in shares of PepsiCo by 3.3% in the fourth quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock valued at $340,000 after purchasing an additional 71 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $145.45 on Friday. The stock has a market capitalization of $199.48 billion, a P/E ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average price of $149.04 and a two-hundred day moving average price of $159.09.

PepsiCo (NASDAQ:PEP) last announced its quarterly 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. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $169.88.

PepsiCo Company 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.