PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lessened by Country Club Bank

Country Club Bank trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,034 shares of the company’s stock after selling 219 shares during the quarter. Country Club Bank’s holdings in PepsiCo were worth $3,343,000 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. Mirae Asset Global Investments Co. Ltd. raised its position in PepsiCo by 28.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 913,400 shares of the company’s stock valued at $138,621,000 after acquiring an additional 199,803 shares in the last quarter. Virginia Wealth Management Group Inc. raised its position in PepsiCo by 1.3% during the fourth quarter. Virginia Wealth Management Group Inc. now owns 22,936 shares of the company’s stock valued at $3,488,000 after acquiring an additional 290 shares in the last quarter. Lockheed Martin Investment Management Co. raised its position in PepsiCo by 43.4% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 80,680 shares of the company’s stock valued at $12,268,000 after acquiring an additional 24,410 shares in the last quarter. Osprey Private Wealth LLC raised its position in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $165,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays lowered their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, HSBC lowered 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $174.53.

PepsiCo Stock Performance

PepsiCo stock opened at $143.49 on Wednesday. The stock has a 50-day simple moving average of $152.86 and a 200 day simple moving average of $164.71. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market capitalization of $196.87 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.78 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.