1900 Wealth Management LLC Has $378,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

1900 Wealth Management LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,488 shares of the company’s stock after selling 604 shares during the quarter. 1900 Wealth Management LLC’s holdings in PepsiCo were worth $378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Iron Horse Wealth Management LLC grew its stake in PepsiCo by 13.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 795 shares of the company’s stock valued at $121,000 after purchasing an additional 94 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $455,000. Telos Capital Management Inc. raised its position in PepsiCo by 4.2% during the fourth quarter. Telos Capital Management Inc. now owns 126,906 shares of the company’s stock valued at $19,297,000 after acquiring an additional 5,092 shares in the last quarter. McHugh Group LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $277,000. Finally, Silver Oak Securities Incorporated grew its position in PepsiCo by 28.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,160 shares of the company’s stock worth $479,000 after acquiring an additional 700 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PEP shares. Barclays reduced their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday. 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 research note on Wednesday, January 22nd. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Trading Down 0.2 %

Shares of PEP stock opened at $145.35 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a fifty day moving average of $152.15 and a 200-day moving average of $164.39. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $199.42 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is presently 79.94%.

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.