Bailard Inc. Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Bailard Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 76,345 shares of the company’s stock after selling 392 shares during the period. Bailard Inc.’s holdings in PepsiCo were worth $12,966,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PEP. BIP Wealth LLC lifted its position in PepsiCo by 46.3% during the fourth quarter. BIP Wealth LLC now owns 3,900 shares of the company’s stock valued at $662,000 after acquiring an additional 1,234 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in PepsiCo by 4.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,765 shares of the company’s stock valued at $5,225,000 after acquiring an additional 1,415 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in PepsiCo by 11.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 156,056 shares of the company’s stock valued at $26,662,000 after acquiring an additional 16,156 shares during the last quarter. Carret Asset Management LLC lifted its position in PepsiCo by 0.9% during the fourth quarter. Carret Asset Management LLC now owns 62,556 shares of the company’s stock valued at $10,625,000 after acquiring an additional 555 shares during the last quarter. Finally, Wynn Capital LLC purchased a new stake in PepsiCo during the fourth quarter valued at approximately $607,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.33.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $6.19 during midday trading on Wednesday, reaching $177.41. The company’s stock had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. The firm has a market capitalization of $243.85 billion, a PE ratio of 27.00, a P/E/G ratio of 2.77 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a fifty day moving average of $169.04 and a 200 day moving average of $167.70. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.50 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.85%. PepsiCo’s dividend payout ratio is presently 77.02%.

About PepsiCo

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.