4WEALTH Advisors Inc. Purchases New Position in PepsiCo, Inc. (NASDAQ:PEP)

4WEALTH Advisors Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,573 shares of the company's stock, valued at approximately $695,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the 4th quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEP. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Citigroup reduced their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Up 0.1 %

PEP traded up $0.20 during trading on Friday, hitting $133.75. The company's stock had a trading volume of 7,166,959 shares, compared to its average volume of 6,224,713. PepsiCo, Inc. has a twelve month low of $131.52 and a twelve month high of $183.41. The firm's 50 day moving average price is $145.94 and its 200-day moving average price is $152.38. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market cap of $183.41 billion, a PE ratio of 19.24, a PEG ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business posted $1.61 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.05%. PepsiCo's dividend payout ratio is presently 79.71%.

PepsiCo Company 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.