Wellington Shields Capital Management LLC Has $820,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Wellington Shields Capital Management LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,393 shares of the company’s stock after selling 650 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in PepsiCo were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.1 %

NASDAQ:PEP opened at $148.34 on Friday. The stock’s fifty day moving average price is $148.78 and its two-hundred day moving average price is $160.29. The company has a market cap of $203.45 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week 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.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PEP shares. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Barclays boosted their price target on PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $170.59.

About PepsiCo

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.