PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Scott & Selber Inc.

Scott & Selber Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,638 shares of the company’s stock after selling 690 shares during the period. Scott & Selber Inc.’s holdings in PepsiCo were worth $1,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alta Capital Management LLC increased its holdings in shares of PepsiCo by 12.2% in the fourth quarter. Alta Capital Management LLC now owns 19,517 shares of the company’s stock valued at $2,968,000 after purchasing an additional 2,122 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of PepsiCo by 5.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 9,461 shares of the company’s stock worth $1,439,000 after acquiring an additional 523 shares during the period. Kelly Financial Group LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $380,000. Finally, Auxano Advisors LLC grew its holdings in shares of PepsiCo by 9.0% in the fourth quarter. Auxano Advisors LLC now owns 6,266 shares of the company’s stock valued at $953,000 after purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Royal Bank of Canada initiated coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. UBS Group decreased their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One equities 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

NASDAQ:PEP opened at $155.99 on Tuesday. The company has a market cap of $213.94 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a fifty day simple moving average of $148.68 and a two-hundred day simple moving average of $161.33.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.47%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

About PepsiCo

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.