Broadway Wealth Solutions Inc. Invests $377,000 in PepsiCo, Inc. (NASDAQ:PEP)

Broadway Wealth Solutions Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,478 shares of the company's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Tcfg Wealth Management LLC raised its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC increased its stake in shares of PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after purchasing an additional 70 shares during the period. Marshall Financial Group LLC boosted its stake in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares during the period. Osprey Private Wealth LLC grew its holdings in PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after buying an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. lifted its holdings in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. Morgan Stanley reduced their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Citigroup decreased their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.

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PepsiCo Stock Up 1.0 %

Shares of PepsiCo stock traded up $1.46 during trading hours on Monday, reaching $150.73. The company's stock had a trading volume of 3,081,790 shares, compared to its average volume of 7,129,113. The company has a market capitalization of $206.72 billion, a P/E ratio of 21.69, a P/E/G ratio of 3.09 and a beta of 0.52. The stock's fifty day simple moving average is $149.25 and its two-hundred day simple moving average is $157.91. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, research analysts forecast 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 will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.60%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

PepsiCo 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.