PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,254 shares of the company’s stock after selling 713 shares during the quarter. PepsiCo comprises about 1.4% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 15th largest holding. Roberts Glore & Co. Inc. IL’s holdings in PepsiCo were worth $4,752,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PEP. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $154.44 on Friday. The company has a 50-day simple moving average of $148.80 and a 200-day simple moving average of $160.86. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. 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 stock has a market capitalization of $211.81 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays lifted their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Finally, Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.35.

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.