Calamos Wealth Management LLC Has $10.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Calamos Wealth Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 939.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,723 shares of the company’s stock after buying an additional 63,016 shares during the period. Calamos Wealth Management LLC’s holdings in PepsiCo were worth $10,602,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth approximately $44,000. Finally, Global Wealth Strategies & Associates grew its stake in PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after purchasing an additional 231 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Down 0.3 %

PepsiCo stock opened at $150.27 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market cap of $206.17 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The stock has a fifty day moving average of $153.12 and a 200 day moving average of $164.85.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio 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.