Asset Planning Inc Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Asset Planning Inc acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,020 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC boosted its stake in shares of PepsiCo by 8.2% in the 4th quarter. V Square Quantitative Management LLC now owns 20,216 shares of the company’s stock valued at $3,074,000 after buying an additional 1,528 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of PepsiCo by 15.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 56,571 shares of the company’s stock worth $8,602,000 after acquiring an additional 7,460 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $451,000. Vontobel Holding Ltd. raised its position in shares of PepsiCo by 62.4% during the 4th quarter. Vontobel Holding Ltd. now owns 3,014,101 shares of the company’s stock worth $458,324,000 after acquiring an additional 1,157,835 shares in the last quarter. Finally, Mcrae Capital Management Inc. raised its position in shares of PepsiCo by 1.0% during the 4th quarter. Mcrae Capital Management Inc. now owns 10,063 shares of the company’s stock worth $1,530,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

NASDAQ:PEP opened at $144.58 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market cap of $198.29 billion, a P/E ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54. The stock’s 50 day simple moving average is $150.41 and its 200-day simple moving average is $163.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 period in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

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 paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in 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. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. BNP Paribas cut their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC cut their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.