PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Sciencast Management LP

Sciencast Management LP boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,053 shares of the company’s stock after buying an additional 3,736 shares during the period. PepsiCo comprises 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 5th largest holding. Sciencast Management LP’s holdings in PepsiCo were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its holdings in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares in the last quarter. LPL Financial LLC increased its stake in PepsiCo by 8.4% in the 3rd quarter. LPL Financial LLC now owns 1,844,337 shares of the company’s stock valued at $313,629,000 after buying an additional 142,191 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in PepsiCo by 1.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 64,562 shares of the company’s stock worth $10,979,000 after buying an additional 1,086 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of PepsiCo by 7.9% during the 3rd quarter. Pacer Advisors Inc. now owns 216,856 shares of the company’s stock valued at $36,876,000 after buying an additional 15,821 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.2 %

PepsiCo stock opened at $145.45 on Friday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. 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 firm has a market capitalization of $199.48 billion, a PE ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The business’s 50-day simple moving average is $149.04 and its 200-day simple moving average is $159.22.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS 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%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. Equities research 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. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.73%. PepsiCo’s dividend payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $169.88.

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.