PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Michael S. Ryan Inc.

Michael S. Ryan Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,239 shares of the company’s stock after buying an additional 71 shares during the quarter. Michael S. Ryan Inc.’s holdings in PepsiCo were worth $340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Wealth Strategies & Associates lifted its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter worth $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo during the 2nd quarter worth about $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday. They issued an “overweight” rating and a $171.00 price objective for the company. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the company from $179.00 to $184.00 in a report on Thursday, December 12th. Royal Bank of Canada lowered their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $180.64.

PepsiCo Stock Performance

NASDAQ PEP traded up $1.14 on Wednesday, hitting $146.54. 6,485,121 shares of the company’s stock were exchanged, compared to its average volume of 6,701,425. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm’s 50-day moving average price is $158.60 and its two-hundred day moving average price is $166.97. The firm has a market cap of $201.05 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $144.56 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.