PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Decreased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,473 shares of the company's stock after selling 70,162 shares during the quarter. Aptus Capital Advisors LLC's holdings in PepsiCo were worth $10,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC increased its stake in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC grew its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after acquiring an additional 70 shares in the last quarter. Marshall Financial Group LLC increased its position in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its position in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its stake in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PEP shares. Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Bank of America decreased their price objective 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. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

NASDAQ:PEP opened at $133.75 on Friday. 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 cap of $183.38 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $131.52 and a 52 week high of $183.41. The firm's 50-day simple moving average is $145.94 and its 200 day simple moving average is $152.38.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is currently 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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