Conscious Wealth Investments LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Conscious Wealth Investments LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,609 shares of the company’s stock after purchasing an additional 340 shares during the period. Conscious Wealth Investments LLC’s holdings in PepsiCo were worth $2,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. B&D White Capital Company LLC grew its stake in shares of PepsiCo by 703.5% in the fourth quarter. B&D White Capital Company LLC now owns 72,520 shares of the company’s stock worth $11,027,000 after acquiring an additional 63,495 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in PepsiCo by 50.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 37,472 shares of the company’s stock worth $5,698,000 after purchasing an additional 12,524 shares in the last quarter. Partners Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter worth $466,000. Black Diamond Financial LLC increased its holdings in PepsiCo by 6.5% during the 4th quarter. Black Diamond Financial LLC now owns 4,670 shares of the company’s stock worth $710,000 after purchasing an additional 285 shares during the period. Finally, World Equity Group Inc. raised its position in PepsiCo by 82.9% in the 4th quarter. World Equity Group Inc. now owns 2,822 shares of the company’s stock valued at $429,000 after purchasing an additional 1,279 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 3.0 %

Shares of PepsiCo stock opened at $153.50 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $210.53 billion, a P/E ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company’s fifty day moving average is $148.66 and its two-hundred day moving average is $162.11.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results 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 analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.