PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,726 shares of the company’s stock after selling 7,287 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PepsiCo were worth $44,360,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Collier Financial purchased a new stake in PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter worth $31,000. Bay Harbor Wealth Management LLC purchased a new position in PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

NASDAQ PEP opened at $148.11 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business’s fifty day simple moving average is $148.97 and its 200-day simple moving average is $159.50. The firm has a market cap of $203.13 billion, a PE ratio of 21.31, a P/E/G ratio of 3.09 and a beta of 0.52.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed 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 dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. 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. Morgan Stanley cut their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. 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. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $169.88.

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.