Ethos Financial Group LLC Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Ethos Financial Group LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,077 shares of the company’s stock after selling 262 shares during the period. Ethos Financial Group LLC’s holdings in PepsiCo were worth $319,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PEP. Swedbank AB lifted its holdings in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. Maia Wealth LLC lifted its holdings in shares of PepsiCo by 32.7% during the 3rd quarter. Maia Wealth LLC now owns 2,652 shares of the company’s stock valued at $457,000 after acquiring an additional 654 shares in the last quarter. JNBA Financial Advisors lifted its holdings in shares of PepsiCo by 3.5% during the 3rd quarter. JNBA Financial Advisors now owns 4,168 shares of the company’s stock valued at $709,000 after acquiring an additional 140 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $961,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $154.61 on Friday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $212.05 billion, a PE ratio of 22.25, a P/E/G ratio of 3.09 and a beta of 0.52. The firm has a 50-day simple moving average of $148.77 and a 200 day simple moving average of $161.10.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm 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 firm earned $1.78 EPS. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

A number of equities analysts have commented on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays boosted their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $172.35.

PepsiCo Company 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.