Modern Wealth Management LLC Acquires 5,009 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Modern Wealth Management LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 69.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,219 shares of the company's stock after buying an additional 5,009 shares during the period. Modern Wealth Management LLC's holdings in PepsiCo were worth $1,764,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the 3rd quarter worth $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen lowered their price target on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $169.88.

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PepsiCo Trading Down 0.3 %

NASDAQ:PEP traded down $0.40 during mid-day trading on Friday, hitting $149.27. The company had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The firm has a market cap of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The business's fifty day moving average is $149.25 and its two-hundred day moving average is $158.03. 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 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

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.