Cape Investment Advisory Inc. Has $387,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Cape Investment Advisory Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,544 shares of the company’s stock after selling 188 shares during the period. Cape Investment Advisory Inc.’s holdings in PepsiCo were worth $387,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PEP. Swedbank AB increased its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the last quarter. Campbell Wealth Management acquired a new position in PepsiCo in the 3rd quarter worth about $322,000. Capital Advisors Inc. OK increased its position in PepsiCo by 0.4% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,764,545 shares of the company’s stock worth $300,061,000 after purchasing an additional 7,625 shares during the last quarter. Finally, Weatherly Asset Management L. P. increased its position in PepsiCo by 19.4% in the 3rd quarter. Weatherly Asset Management L. P. now owns 5,957 shares of the company’s stock worth $1,013,000 after purchasing an additional 966 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0 %

PepsiCo stock opened at $153.47 on Friday. The stock has a market cap of $210.48 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The business has a 50 day moving average price of $148.59 and a two-hundred day moving average price of $161.53. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business 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. This represents a $5.42 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Barclays decreased their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley cut their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $171.47.

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.