CreativeOne Wealth LLC Purchases 6,095 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CreativeOne Wealth LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,551 shares of the company's stock after acquiring an additional 6,095 shares during the quarter. CreativeOne Wealth LLC's holdings in PepsiCo were worth $6,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PEP. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after purchasing an additional 4,712 shares during the period. Guinness Asset Management LTD grew its holdings in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after purchasing an additional 61,541 shares during the last quarter. WCM Investment Management LLC raised its holdings in PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after buying an additional 8,759 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its position in PepsiCo by 48.2% during the 4th quarter. Everence Capital Management Inc. now owns 56,089 shares of the company's stock valued at $8,529,000 after buying an additional 18,250 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Remove Ads

PepsiCo Stock Down 2.7 %

PepsiCo stock traded down $3.91 during mid-day trading on Tuesday, reaching $142.84. The stock had a trading volume of 5,455,357 shares, compared to its average volume of 6,086,747. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a 50-day moving average price of $148.39 and a two-hundred day moving average price of $155.52. 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 company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's payout ratio is 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Bank of America reiterated a "neutral" rating and issued a $155.00 price objective (down from $185.00) on shares of PepsiCo in a research report on Tuesday. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $168.12.

About PepsiCo

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.