PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by GS Investments Inc.

by · The Markets Daily

GS Investments Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,814 shares of the company’s stock after selling 1,090 shares during the quarter. PepsiCo makes up about 1.3% of GS Investments Inc.’s holdings, making the stock its 29th largest position. GS Investments Inc.’s holdings in PepsiCo were worth $2,861,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter worth approximately $34,000. Finally, Human Investing LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $39,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research reports. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.88.

Check Out Our Latest Stock Report on PEP

PepsiCo Stock Performance

NASDAQ PEP opened at $148.11 on Thursday. The stock has a market cap of $203.13 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business has a fifty day moving average of $148.97 and a 200-day moving average of $159.50. 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.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

About PepsiCo

(Free Report)

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.

See Also

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