PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by ICW Investment Advisors LLC

ICW Investment Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,072 shares of the company’s stock after purchasing an additional 159 shares during the period. PepsiCo comprises 1.3% of ICW Investment Advisors LLC’s holdings, making the stock its 17th biggest holding. ICW Investment Advisors LLC’s holdings in PepsiCo were worth $3,204,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the third quarter worth approximately $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of 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 reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $145.45 on Monday. The firm has a fifty day simple moving average of $149.04 and a 200-day simple moving average of $158.96. 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 stock has a market capitalization of $199.48 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52.

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 analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the previous year, the company earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

About PepsiCo

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.