Franklin Street Advisors Inc. NC Sells 78 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Franklin Street Advisors Inc. NC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,870 shares of the company’s stock after selling 78 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $893,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEP. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP traded down $4.49 during trading on Friday, reaching $142.05. 3,358,636 shares of the company traded hands, compared to its average volume of 6,164,256. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a fifty day simple moving average of $157.81 and a 200 day simple moving average of $166.68. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market cap of $194.89 billion, a P/E ratio of 20.95, a PEG ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.82%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price target for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday. They set an “overweight” rating and a $171.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.64.

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.