Syntegra Private Wealth Group LLC Has $418,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Syntegra Private Wealth Group LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,751 shares of the company’s stock after selling 173 shares during the period. Syntegra Private Wealth Group LLC’s holdings in PepsiCo were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PEP. AMF Tjanstepension AB increased its holdings in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Czech National Bank boosted its position in shares of PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after buying an additional 17,833 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in PepsiCo in the 3rd quarter valued at $633,000. Country Trust Bank lifted its stake in PepsiCo by 2.3% during the 3rd quarter. Country Trust Bank now owns 131,428 shares of the company’s stock valued at $22,349,000 after acquiring an additional 2,960 shares in the last quarter. Finally, Reliant Investment Management LLC boosted its holdings in PepsiCo by 1.2% during the 3rd quarter. Reliant Investment Management LLC now owns 30,873 shares of the company’s stock worth $5,250,000 after acquiring an additional 361 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday. They issued a $172.00 price objective on the stock. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $171.76.

PepsiCo Trading Up 1.5 %

Shares of PEP stock opened at $145.66 on Thursday. The stock has a market capitalization of $199.84 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.92 and a beta of 0.54. The company’s fifty day simple moving average is $152.49 and its two-hundred day simple moving average is $164.53. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current 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. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s dividend payout ratio is presently 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.