Family Legacy Inc. Purchases 190 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Family Legacy Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,526 shares of the company’s stock after buying an additional 190 shares during the quarter. Family Legacy Inc.’s holdings in PepsiCo were worth $2,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG lifted its stake in PepsiCo by 1.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 605,412 shares of the company’s stock worth $92,001,000 after purchasing an additional 8,354 shares in the last quarter. Boston Research & Management Inc. lifted its position in shares of PepsiCo by 2.1% in the fourth quarter. Boston Research & Management Inc. now owns 34,918 shares of the company’s stock worth $5,309,000 after buying an additional 710 shares in the last quarter. Summit Financial LLC boosted its stake in PepsiCo by 41.5% during the fourth quarter. Summit Financial LLC now owns 26,110 shares of the company’s stock valued at $3,997,000 after buying an additional 7,660 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of PepsiCo by 7.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 61,239 shares of the company’s stock worth $9,312,000 after acquiring an additional 4,230 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP opened at $149.27 on Monday. The stock has a 50 day moving average price of $149.25 and a 200 day moving average price of $157.91. The firm has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a PEG 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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 dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $169.88.

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.