RW Investment Management LLC Has $431,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

RW Investment Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,833 shares of the company’s stock after acquiring an additional 458 shares during the quarter. RW Investment Management LLC’s holdings in PepsiCo were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth about $28,000. Collier Financial acquired a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. raised its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. UBS Group decreased their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $145.81 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a 50 day moving average of $149.16 and a 200-day moving average of $162.60. The company has a market capitalization of $199.98 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.