Sterling Financial Planning Inc. Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sterling Financial Planning Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,181 shares of the company’s stock after purchasing an additional 496 shares during the quarter. Sterling Financial Planning Inc.’s holdings in PepsiCo were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Highline Wealth Partners LLC purchased a new position in PepsiCo during the third quarter worth approximately $28,000. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Finally, Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.81 on Thursday. 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 stock has a market capitalization of $199.98 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company’s 50-day simple moving average is $149.16 and its 200-day simple moving average is $162.60.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.