Regent Investment Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,121 shares of the company’s stock after purchasing an additional 150 shares during the period. Regent Investment Management LLC’s holdings in PepsiCo were worth $1,229,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PEP. Highwater Wealth Management LLC acquired a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Sound Income Strategies LLC lifted its stake in shares of PepsiCo by 50.8% in the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after acquiring an additional 201 shares in the last quarter. Ayalon Holdings Ltd. acquired a new position in shares of PepsiCo in the fourth quarter worth about $74,000. Mainstay Capital Management LLC ADV lifted its stake in shares of PepsiCo by 10,787.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock worth $100,000 after acquiring an additional 10,787 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its stake in shares of PepsiCo by 351.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock worth $101,000 after acquiring an additional 703 shares in the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the company. Credit Suisse Group assumed coverage on PepsiCo in a research note on Wednesday, March 6th. They set an “underperform” rating and a $100.00 price objective on the stock. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Gabelli restated a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Morgan Stanley upped their price objective on PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 19th. Finally, Cowen upped their price objective on PepsiCo from $124.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $118.79.
Shares of PepsiCo stock opened at $117.55 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99. The company has a market cap of $164.68 billion, a PE ratio of 20.77, a P/E/G ratio of 2.92 and a beta of 0.64. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.00.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 15th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, February 28th. PepsiCo’s payout ratio is 65.55%.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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