PepsiCo, Inc. $PEP Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,620 shares of the company’s stock after selling 5,710 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in PepsiCo were worth $55,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Calton & Associates Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $202,000. Quarry LP lifted its holdings in shares of PepsiCo by 378.6% in the 1st quarter. Quarry LP now owns 2,369 shares of the company’s stock valued at $355,000 after buying an additional 1,874 shares during the period. First Financial Bankshares Inc lifted its holdings in PepsiCo by 4.6% in the first quarter. First Financial Bankshares Inc now owns 460,696 shares of the company’s stock valued at $69,077,000 after acquiring an additional 20,215 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of PepsiCo by 4.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 85,595 shares of the company’s stock worth $12,834,000 after purchasing an additional 4,019 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. HSBC upped their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price objective on PepsiCo in a report on Thursday, October 23rd. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Finally, Piper Sandler raised their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.75.

PepsiCo Stock Up 0.3%

Shares of NASDAQ PEP opened at $144.24 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The stock has a fifty day moving average price of $147.09 and a 200 day moving average price of $143.59. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $197.23 billion, a P/E ratio of 27.42, a P/E/G ratio of 4.96 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s payout ratio is 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.