Wrapmanager Inc. Has $1.12 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Wrapmanager Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,369 shares of the company’s stock after selling 740 shares during the period. Wrapmanager Inc.’s holdings in PepsiCo were worth $1,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. CWS Financial Advisors LLC lifted its position in shares of PepsiCo by 6.0% in the 4th quarter. CWS Financial Advisors LLC now owns 11,140 shares of the company’s stock worth $1,694,000 after acquiring an additional 631 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of PepsiCo by 16.3% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 44,626 shares of the company’s stock worth $6,808,000 after purchasing an additional 6,252 shares during the last quarter. Pring Turner Capital Group Inc. boosted its holdings in PepsiCo by 29.3% during the fourth quarter. Pring Turner Capital Group Inc. now owns 1,545 shares of the company’s stock worth $235,000 after buying an additional 350 shares during the last quarter. BankPlus Trust Department acquired a new position in PepsiCo during the fourth quarter valued at approximately $1,036,000. Finally, GHE LLC lifted its holdings in shares of PepsiCo by 5.6% during the 4th quarter. GHE LLC now owns 12,799 shares of the company’s stock valued at $1,946,000 after purchasing an additional 682 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ:PEP opened at $153.85 on Tuesday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $211.01 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The business has a 50 day simple moving average of $148.61 and a two-hundred day simple moving average of $161.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEP. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.