Wealthcare Advisory Partners LLC Has $2.21 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wealthcare Advisory Partners LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,509 shares of the company’s stock after selling 3,400 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in PepsiCo were worth $2,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. XTX Topco Ltd purchased a new position in PepsiCo during the second quarter valued at approximately $1,707,000. Brighton Jones LLC grew its holdings in shares of PepsiCo by 6.3% during the 2nd quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock valued at $4,586,000 after acquiring an additional 1,655 shares in the last quarter. Ieq Capital LLC increased its stake in shares of PepsiCo by 5.9% in the second quarter. Ieq Capital LLC now owns 105,460 shares of the company’s stock worth $17,394,000 after acquiring an additional 5,863 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in PepsiCo by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company’s stock valued at $17,604,000 after purchasing an additional 7,620 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in PepsiCo by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company’s stock valued at $549,861,000 after purchasing an additional 17,800 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.2 %

PEP opened at $148.25 on Friday. The business has a 50 day moving average of $155.37 and a 200-day moving average of $165.82. The stock has a market capitalization of $203.40 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio is 79.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $178.60.

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.