Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,541 shares of the company’s stock after acquiring an additional 177 shares during the period. Murphy Middleton Hinkle & Parker Inc.’s holdings in PepsiCo were worth $612,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. increased its position in PepsiCo by 2.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 48,209 shares of the company’s stock worth $5,326,000 after buying an additional 1,145 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in PepsiCo by 2.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 11,227 shares of the company’s stock worth $1,242,000 after buying an additional 244 shares during the last quarter. Andesa Financial Management Inc. acquired a new position in PepsiCo during the fourth quarter worth approximately $320,000. Dowling & Yahnke LLC grew its position in shares of PepsiCo by 1.4% in the fourth quarter. Dowling & Yahnke LLC now owns 58,007 shares of the company’s stock valued at $7,073,000 after purchasing an additional 821 shares during the last quarter. Finally, Watch Point Trust Co grew its position in shares of PepsiCo by 1.9% in the fourth quarter. Watch Point Trust Co now owns 22,631 shares of the company’s stock valued at $2,501,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Shares of PEP stock opened at $120.72 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.99 and a quick ratio of 0.85. The company has a market capitalization of $169.52 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.05 and a beta of 0.64. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.00.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 15th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is currently 65.55%.

In related news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.27% of the company’s stock.

Several equities analysts have recently commented on PEP shares. Macquarie raised PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 target price on the stock in a research report on Tuesday, February 19th. Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Morgan Stanley upped their target price on PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. Finally, ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $118.79.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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