Rosenberg Matthew Hamilton Has $156,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Rosenberg Matthew Hamilton trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,026 shares of the company’s stock after selling 186 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in PepsiCo were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates boosted its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter worth approximately $31,000. Mattson Financial Services LLC acquired a new stake in PepsiCo during the 2nd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. grew its holdings in 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 buying an additional 96 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PEP shares. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.95 on Wednesday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock’s 50-day simple moving average is $156.46 and its 200 day simple moving average is $166.20. The firm has a market capitalization of $198.87 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.