Eagle Global Advisors LLC Purchases 19,184 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Eagle Global Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 60.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,835 shares of the company's stock after buying an additional 19,184 shares during the period. Eagle Global Advisors LLC's holdings in PepsiCo were worth $7,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Rise Advisors LLC lifted its position in shares of PepsiCo by 10.2% in the fourth quarter. Rise Advisors LLC now owns 1,225 shares of the company's stock valued at $186,000 after acquiring an additional 113 shares in the last quarter. Range Financial Group LLC increased its stake in PepsiCo by 24.0% during the fourth quarter. Range Financial Group LLC now owns 2,286 shares of the company's stock worth $348,000 after acquiring an additional 443 shares during the last quarter. Innova Wealth Partners purchased a new position in PepsiCo during the fourth quarter worth $480,000. Sterneck Capital Management LLC lifted its holdings in shares of PepsiCo by 18.6% in the 4th quarter. Sterneck Capital Management LLC now owns 1,642 shares of the company's stock worth $250,000 after acquiring an additional 257 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of PepsiCo by 9.4% during the fourth quarter. Fulton Bank N.A. now owns 25,141 shares of the company's stock valued at $3,823,000 after buying an additional 2,158 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have 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 report on Tuesday, February 4th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target on the stock. Bank of America reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

PEP stock opened at $130.74 on Wednesday. The business's 50-day moving average is $145.13 and its two-hundred day moving average is $151.78. The firm has a market capitalization of $179.25 billion, a P/E ratio of 18.81, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1 year low of $130.16 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. PepsiCo's dividend payout ratio is presently 79.71%.

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.

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