Weaver Consulting Group Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Weaver Consulting Group decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,792 shares of the company’s stock after selling 136 shares during the period. Weaver Consulting Group’s holdings in PepsiCo were worth $425,000 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. Sterneck Capital Management LLC boosted its stake in PepsiCo by 18.6% during the fourth quarter. Sterneck Capital Management LLC now owns 1,642 shares of the company’s stock worth $250,000 after buying an additional 257 shares during the period. Innova Wealth Partners purchased a new position in shares of PepsiCo during the 4th quarter worth about $480,000. Range Financial Group LLC grew its holdings in PepsiCo by 24.0% during the 4th quarter. Range Financial Group LLC now owns 2,286 shares of the company’s stock valued at $348,000 after purchasing an additional 443 shares during the last quarter. Rise Advisors LLC raised its position in PepsiCo by 10.2% in the 4th quarter. Rise Advisors LLC now owns 1,225 shares of the company’s stock worth $186,000 after purchasing an additional 113 shares during the period. Finally, ShankerValleau Wealth Advisors Inc. boosted its position in shares of PepsiCo by 2.4% during the fourth quarter. ShankerValleau Wealth Advisors Inc. now owns 8,529 shares of the company’s stock valued at $1,297,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEP shares. Barclays decreased their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.29.

PepsiCo Price Performance

Shares of PEP stock opened at $145.40 on Wednesday. PepsiCo, Inc. has a 1-year low of $145.34 and a 1-year high of $183.41. The company has a market cap of $199.49 billion, a P/E ratio of 21.45, a PEG ratio of 2.94 and a beta of 0.54. 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 stock’s 50-day moving average is $158.60 and its 200 day moving average is $166.97.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. PepsiCo’s payout ratio is 79.94%.

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.