Evoke Wealth LLC Has $7.77 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Evoke Wealth LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,628 shares of the company’s stock after selling 1,917 shares during the period. Evoke Wealth LLC’s holdings in PepsiCo were worth $7,767,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Finally, Human Investing LLC purchased a new stake in PepsiCo during the 4th quarter worth about $39,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Barclays increased their target price on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Finally, HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.59.

PepsiCo Trading Up 1.9 %

NASDAQ PEP opened at $151.34 on Tuesday. The stock has a 50-day moving average of $148.86 and a 200-day moving average of $159.75. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market cap of $207.56 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released 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 firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.58%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.