Newbridge Financial Services Group Inc. Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Newbridge Financial Services Group Inc. purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,525 shares of the company’s stock, valued at approximately $384,000.

A number of other large investors have also modified their holdings of PEP. Kestra Private Wealth Services LLC raised its holdings in PepsiCo by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 110,581 shares of the company’s stock worth $16,815,000 after purchasing an additional 8,731 shares during the period. Stockman Wealth Management Inc. increased its position in shares of PepsiCo by 3.4% in the fourth quarter. Stockman Wealth Management Inc. now owns 65,962 shares of the company’s stock valued at $10,030,000 after buying an additional 2,177 shares in the last quarter. Family Capital Trust Co lifted its position in shares of PepsiCo by 1.4% during the 4th quarter. Family Capital Trust Co now owns 33,348 shares of the company’s stock valued at $5,071,000 after buying an additional 455 shares in the last quarter. WCM Investment Management LLC grew its stake in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after acquiring an additional 8,759 shares during the period. Finally, Thompson Investment Management Inc. raised its position in PepsiCo by 1.5% during the fourth quarter. Thompson Investment Management Inc. now owns 33,393 shares of the company’s stock worth $5,078,000 after acquiring an additional 504 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $144.58 on Monday. The business’s fifty day simple moving average is $151.42 and its 200-day simple moving average is $164.09. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $198.29 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday. Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.