Kintegral Advisory LLC Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Kintegral Advisory LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,686 shares of the company’s stock after selling 2,407 shares during the quarter. PepsiCo accounts for about 0.7% of Kintegral Advisory LLC’s investment portfolio, making the stock its 28th largest holding. Kintegral Advisory LLC’s holdings in PepsiCo were worth $7,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at about $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth approximately $31,000. Finally, Rakuten Securities Inc. grew its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 3.0 %

NASDAQ PEP opened at $153.50 on Friday. The stock has a 50 day moving average price of $148.75 and a 200-day moving average price of $162.39. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $210.53 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo 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.