PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 244.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,278 shares of the company’s stock after buying an additional 11,555 shares during the period. SRS Capital Advisors Inc.’s holdings in PepsiCo were worth $2,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth about $31,000. Rakuten Securities Inc. raised its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0 %

Shares of PEP stock opened at $153.47 on Friday. 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 twelve month low of $141.51 and a twelve month high of $183.41. The company has a market capitalization of $210.48 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The business’s 50 day moving average is $148.59 and its two-hundred day moving average is $161.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Barclays dropped their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus 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.