PepsiCo, Inc. (NASDAQ:PEP) Holdings Reduced by Delta Financial Group Inc.

Delta Financial Group Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,918 shares of the company’s stock after selling 399 shares during the quarter. Delta Financial Group Inc.’s holdings in PepsiCo were worth $1,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proquility Private Wealth Partners LLC grew its holdings in shares of PepsiCo by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after buying an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC lifted its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares during the period. Finally, Cassia Capital Partners LLC grew its stake in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Barclays increased their price objective on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Trading Up 0.8 %

NASDAQ PEP traded up $1.44 during trading on Friday, hitting $175.01. 5,710,539 shares of the company’s stock traded hands, compared to its average volume of 6,548,546. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The stock has a fifty day moving average of $168.26 and a two-hundred day moving average of $168.04. The firm has a market cap of $240.55 billion, a P/E ratio of 26.64, a PEG ratio of 2.72 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same period last year, the company posted $1.67 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

PepsiCo Company 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.