Clifford Swan Investment Counsel LLC Has $17.39 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Clifford Swan Investment Counsel LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,381 shares of the company’s stock after purchasing an additional 5,278 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in PepsiCo were worth $17,393,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PEP. Norden Group LLC boosted its holdings in shares of PepsiCo by 9.5% during the 4th quarter. Norden Group LLC now owns 20,768 shares of the company’s stock worth $3,158,000 after buying an additional 1,805 shares during the period. Hickory Point Bank & Trust bought a new stake in shares of PepsiCo during the 4th quarter worth about $452,000. Purkiss Capital Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $305,000. PCG Asset Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $633,000. Finally, Sherman Asset Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $185,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $153.47 on Friday. The company has a 50 day simple moving average of $148.59 and a 200 day simple moving average of $161.53. The stock has a market cap of $210.48 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 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) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PEP. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Barclays cut their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $171.47.

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.