NBW Capital LLC Has $323,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

NBW Capital LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,904 shares of the company’s stock after selling 166 shares during the quarter. NBW Capital LLC’s holdings in PepsiCo were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Proquility Private Wealth Partners LLC boosted its holdings in shares of PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC raised its position in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC raised its position in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its position in PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PEP shares. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Up 1.0 %

PEP stock traded up $1.71 during mid-day trading on Thursday, reaching $171.19. 2,172,092 shares of the company traded hands, compared to its average volume of 5,677,432. The stock has a market cap of $235.30 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.63 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. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm’s 50 day moving average price is $168.58 and its 200 day moving average price is $167.38.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.96%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

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.