Global Retirement Partners LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Global Retirement Partners LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,752 shares of the company’s stock after selling 2,432 shares during the quarter. Global Retirement Partners LLC’s holdings in PepsiCo were worth $3,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allied Investment Advisors LLC raised its position in PepsiCo by 2.3% in the 4th quarter. Allied Investment Advisors LLC now owns 56,110 shares of the company’s stock valued at $8,532,000 after purchasing an additional 1,265 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in PepsiCo in the 4th quarter valued at about $1,387,000. New York State Common Retirement Fund raised its position in PepsiCo by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,862,181 shares of the company’s stock valued at $283,163,000 after purchasing an additional 14,602 shares in the last quarter. Callahan Advisors LLC raised its position in PepsiCo by 18.5% in the 4th quarter. Callahan Advisors LLC now owns 105,880 shares of the company’s stock valued at $16,100,000 after purchasing an additional 16,548 shares in the last quarter. Finally, Mcdonald Partners LLC raised its position in PepsiCo by 10.0% in the 4th quarter. Mcdonald Partners LLC now owns 18,795 shares of the company’s stock valued at $2,858,000 after purchasing an additional 1,704 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.2 %

Shares of PEP stock opened at $145.81 on Thursday. The business’s 50 day moving average is $149.16 and its two-hundred day moving average is $162.60. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market capitalization of $199.98 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. 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 (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business posted $1.78 EPS. The company’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, BNP Paribas cut their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.