PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,208 shares of the company’s stock after acquiring an additional 115 shares during the quarter. Goldstone Financial Group LLC’s holdings in PepsiCo were worth $792,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $76,000. Occidental Asset Management LLC increased its stake in shares of PepsiCo by 9.7% in the 4th quarter. Occidental Asset Management LLC now owns 24,108 shares of the company’s stock worth $3,666,000 after acquiring an additional 2,133 shares during the last quarter. Empirical Asset Management LLC raised its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Empirical Asset Management LLC now owns 34,939 shares of the company’s stock worth $5,313,000 after acquiring an additional 124 shares during the period. Bennett Associates Wealth Management boosted its position in shares of PepsiCo by 6.1% during the 4th quarter. Bennett Associates Wealth Management now owns 2,835 shares of the company’s stock valued at $431,000 after acquiring an additional 164 shares during the last quarter. Finally, Congress Park Capital LLC increased its position in PepsiCo by 3.9% during the fourth quarter. Congress Park Capital LLC now owns 6,050 shares of the company’s stock worth $920,000 after purchasing an additional 225 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $180.27.

PepsiCo Trading Up 1.2 %

Shares of PepsiCo stock opened at $146.58 on Friday. The company has a fifty day simple moving average of $156.06 and a 200-day simple moving average of $166.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $201.11 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.