Inceptionr LLC Takes $1.73 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Inceptionr LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,389 shares of the company’s stock, valued at approximately $1,732,000.

A number of other large investors have also made changes to their positions in PEP. Raymond James Financial Inc. acquired a new position in PepsiCo in the fourth quarter worth about $589,307,000. Vision Financial Markets LLC acquired a new position in PepsiCo in the fourth quarter worth about $83,000. Arizona State Retirement System raised its position in PepsiCo by 1.1% in the fourth quarter. Arizona State Retirement System now owns 397,975 shares of the company’s stock worth $60,516,000 after purchasing an additional 4,186 shares in the last quarter. Verdence Capital Advisors LLC raised its position in PepsiCo by 10.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 31,955 shares of the company’s stock worth $4,859,000 after purchasing an additional 3,050 shares in the last quarter. Finally, Sound Financial Strategies Group LLC acquired a new position in PepsiCo in the fourth quarter worth about $612,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.2 %

PEP opened at $153.88 on Thursday. The firm’s fifty day moving average is $148.73 and its two-hundred day moving average is $161.14. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $211.05 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued 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 dividend yield of 3.52%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. 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 for the company. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $171.47.

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.