PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 5,870 shares of the company’s stock after selling 78 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. raised its position in PepsiCo by 3.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 77,192 shares of the company’s stock valued at $11,738,000 after purchasing an additional 2,235 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of PepsiCo by 16.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,166,089 shares of the company’s stock valued at $177,315,000 after buying an additional 167,122 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares during the last quarter. Michael S. Ryan Inc. increased its position in PepsiCo by 3.3% during the 4th quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock worth $340,000 after purchasing an additional 71 shares during the period. Finally, Legacy Private Trust Co. lifted its stake in shares of PepsiCo by 73.4% in the fourth quarter. Legacy Private Trust Co. now owns 8,415 shares of the company’s stock valued at $1,280,000 after purchasing an additional 3,561 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PEP shares. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday. They set an “overweight” rating and a $171.00 price objective for the company. Barclays dropped their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and upped their price objective for the company from $179.00 to $184.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Trading Down 3.1 %

Shares of PepsiCo stock traded down $4.49 during trading on Friday, reaching $142.05. 3,358,636 shares of the company were exchanged, compared to its average volume of 6,164,256. The firm has a market capitalization of $194.89 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a 50-day moving average price of $157.81 and a 200-day moving average price of $166.68.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the prior year, the business posted $2.25 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.