Centric Wealth Management Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Centric Wealth Management cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,743 shares of the company’s stock after selling 70 shares during the period. Centric Wealth Management’s holdings in PepsiCo were worth $417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Collier Financial purchased a new stake in PepsiCo in the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter worth about $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.4 %

PEP stock opened at $149.94 on Tuesday. The company has a market cap of $205.64 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.09 and a beta of 0.52. 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 business’s 50-day moving average is $149.28 and its two-hundred day moving average is $157.72. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $169.88.

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.