Financial & Tax Architects LLC Purchases 4,309 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Financial & Tax Architects LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,417 shares of the company's stock after purchasing an additional 4,309 shares during the period. Financial & Tax Architects LLC's holdings in PepsiCo were worth $5,842,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PEP. Empowered Funds LLC boosted its holdings in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after buying an additional 8,406 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after acquiring an additional 870,451 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after acquiring an additional 34,633 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after purchasing an additional 4,712 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after purchasing an additional 5,220 shares during the period. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of a number of analyst reports. Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $178.60.

PepsiCo Price Performance

PEP traded up $1.71 during trading hours on Friday, hitting $148.25. The company's stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. The stock has a market cap 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 business's 50-day moving average price is $155.37 and its 200-day moving average price is $165.83. 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 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio is 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.