Kiley Juergens Wealth Management LLC Buys Shares of 10,261 PepsiCo, Inc. (NASDAQ:PEP)

Kiley Juergens Wealth Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,261 shares of the company's stock, valued at approximately $1,560,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $31,000. Mattson Financial Services LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $34,000. Finally, Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded up $0.30 during trading on Tuesday, hitting $148.55. The company had a trading volume of 7,453,464 shares, compared to its average volume of 7,138,204. The firm has a market capitalization of $203.81 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. 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 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock's 50-day moving average price is $155.05 and its 200 day moving average price is $165.76.

PepsiCo Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo's payout ratio is 79.94%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an "overweight" rating for the company in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $178.60.

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.