Phraction Management LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Phraction Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 143.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,400 shares of the company’s stock after acquiring an additional 2,591 shares during the quarter. Phraction Management LLC’s holdings in PepsiCo were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the third quarter worth $28,000. Collier Financial bought a new stake in PepsiCo during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter worth about $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in PepsiCo during the fourth quarter worth about $34,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $143.99 on Thursday. The firm has a market cap of $197.48 billion, a PE ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The firm has a fifty day simple moving average of $150.73 and a two-hundred day simple moving average of $163.68. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its 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. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.76%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective on the stock. Finally, Piper Sandler assumed coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. 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, the company has a consensus rating of “Hold” and a consensus target price of $171.47.

About PepsiCo

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.