PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,493 shares of the company’s stock after selling 13,815 shares during the period. EFG Asset Management Americas Corp.’s holdings in PepsiCo were worth $5,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Bradyco Inc. bought a new position in PepsiCo during the fourth quarter valued at approximately $2,198,000. Novus Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth $807,000. Andra AP fonden boosted its stake in shares of PepsiCo by 1,218.6% in the 4th quarter. Andra AP fonden now owns 67,000 shares of the company’s stock valued at $10,188,000 after purchasing an additional 61,919 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of PepsiCo by 544.5% in the 4th quarter. Edgestream Partners L.P. now owns 48,774 shares of the company’s stock valued at $7,417,000 after purchasing an additional 41,206 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of PepsiCo by 22.6% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,570 shares of the company’s stock valued at $1,303,000 after buying an additional 1,579 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.5 %

Shares of NASDAQ PEP opened at $154.61 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $212.05 billion, a P/E ratio of 22.25, a PEG ratio of 3.09 and a beta of 0.52. The stock’s 50 day moving average price is $148.77 and its two-hundred day moving average price is $161.10. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $172.35.

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.