Linscomb Wealth Inc. Has $8.65 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Linscomb Wealth Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,874 shares of the company’s stock after selling 322 shares during the quarter. Linscomb Wealth Inc.’s holdings in PepsiCo were worth $8,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in PepsiCo in the 3rd quarter valued at approximately $28,000. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter valued at $31,000. Finally, Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $152.02 on Friday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $208.50 billion, a P/E ratio of 21.87, a P/E/G ratio of 3.09 and a beta of 0.54. The business’s 50 day moving average is $148.57 and its two-hundred day moving average is $161.73.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 net margin of 10.43% and a return on equity of 58.87%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Citigroup reduced their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $171.47.

About PepsiCo

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.