Regent Peak Wealth Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,693 shares of the company’s stock after selling 140 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in PepsiCo were worth $522,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Magellan Asset Management Ltd boosted its holdings in shares of PepsiCo by 32.1% in the 4th quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock worth $2,073,814,000 after buying an additional 3,396,536 shares during the last quarter. Norges Bank purchased a new position in shares of PepsiCo in the 4th quarter worth about $2,066,514,000. Morgan Stanley lifted its holdings in PepsiCo by 9.5% during the fourth quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock valued at $1,917,210,000 after purchasing an additional 1,122,678 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in PepsiCo by 13.3% during the fourth quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock valued at $1,659,315,000 after purchasing an additional 1,312,672 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,503,015 shares of the company’s stock valued at $1,557,593,000 after purchasing an additional 731,839 shares during the last quarter. Hedge funds and other institutional investors own 69.94% of the company’s stock.
PepsiCo stock traded down $0.78 during trading hours on Tuesday, reaching $145.01. The stock had a trading volume of 174,200 shares, compared to its average volume of 5,645,717. The company has a fifty day simple moving average of $141.53 and a 200-day simple moving average of $140.48. The stock has a market cap of $200.35 billion, a PE ratio of 28.91, a PEG ratio of 3.63 and a beta of 0.57. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. PepsiCo, Inc. has a 52 week low of $126.53 and a 52 week high of $148.77.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were paid a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.
Several equities research analysts have recently weighed in on PEP shares. Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating on the stock. Credit Suisse Group raised their price objective on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price objective on the stock in a research report on Monday, March 29th. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $149.23.
PepsiCo, Inc operates as a food and beverage company 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.
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