PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,925 shares of the company’s stock after purchasing an additional 1,384 shares during the period. Greatmark Investment Partners Inc.’s holdings in PepsiCo were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hughes Financial Services LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $225,000. Carret Asset Management LLC raised its stake in shares of PepsiCo by 0.7% in the fourth quarter. Carret Asset Management LLC now owns 65,672 shares of the company’s stock valued at $9,986,000 after acquiring an additional 465 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its stake in shares of PepsiCo by 9.7% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 17,553 shares of the company’s stock valued at $2,669,000 after acquiring an additional 1,557 shares in the last quarter. Northwest Wealth Management LLC raised its stake in shares of PepsiCo by 3.8% in the fourth quarter. Northwest Wealth Management LLC now owns 2,874 shares of the company’s stock valued at $437,000 after acquiring an additional 104 shares in the last quarter. Finally, Aviso Financial Inc. increased its holdings in PepsiCo by 2.2% in the fourth quarter. Aviso Financial Inc. now owns 213,252 shares of the company’s stock valued at $32,427,000 after buying an additional 4,619 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP opened at $148.59 on Friday. 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, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business’s 50-day moving average price is $148.76 and its 200 day moving average price is $160.10. The firm has a market cap of $203.79 billion, a P/E ratio of 21.38, a P/E/G ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

PEP has been the topic of several recent analyst reports. BNP Paribas dropped their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.59.

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.