Atlas Brown Inc. Purchases 178 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atlas Brown Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,215 shares of the company’s stock after acquiring an additional 178 shares during the quarter. PepsiCo comprises 1.3% of Atlas Brown Inc.’s holdings, making the stock its 18th biggest position. Atlas Brown Inc.’s holdings in PepsiCo were worth $3,834,000 at the end of the most recent reporting period.

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

PepsiCo Trading Down 2.4 %

Shares of PepsiCo stock traded down $3.52 during trading hours on Friday, hitting $143.02. The company’s stock had a trading volume of 6,919,959 shares, compared to its average volume of 6,730,728. The firm has a fifty day moving average of $157.81 and a 200-day moving average of $166.68. 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 stock has a market cap of $196.22 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Analyst Ratings Changes

Several research firms have recently commented on PEP. Bank of America dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday. They set an “overweight” rating and a $171.00 price target on the stock. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. Finally, TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.