Rathbones Group PLC Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Rathbones Group PLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 511,949 shares of the company’s stock after selling 45,177 shares during the quarter. Rathbones Group PLC’s holdings in PepsiCo were worth $77,847,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tcfg Wealth Management LLC increased its stake in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after acquiring an additional 66 shares during the last quarter. Lincoln Capital LLC raised its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC lifted its position in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its stake in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after buying an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 3.1 %

Shares of NASDAQ:PEP opened at $146.61 on Monday. The firm has a market cap of $201.05 billion, a P/E ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s 50 day simple moving average is $149.33 and its two-hundred day simple moving average is $156.94. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. 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. Evercore ISI dropped their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $169.88.

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.