Tyler Stone Wealth Management Lowers Stake in PepsiCo, Inc. (NASDAQ:PEP)

Tyler Stone Wealth Management reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,395 shares of the company’s stock after selling 394 shares during the period. Tyler Stone Wealth Management’s holdings in PepsiCo were worth $820,000 at the end of the most recent reporting period.

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

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $145.54 on Wednesday. The stock’s fifty day simple moving average is $149.09 and its 200 day simple moving average is $158.50. The stock has a market capitalization of $199.61 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. 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.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 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 firm posted $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Analysts Set New Price Targets

PEP has been the topic of several research reports. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $169.88.

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.