PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,395 shares of the company's stock after purchasing an additional 13,423 shares during the quarter. Diversify Wealth Management LLC's holdings in PepsiCo were worth $5,049,000 at the end of the most recent reporting period.

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

PepsiCo Trading Up 1.2 %

Shares of PEP traded up $1.71 during trading hours on Monday, hitting $148.25. The stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market cap of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. 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 company's fifty day simple moving average is $155.37 and its 200 day simple moving average is $165.86.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. PepsiCo's dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Hsbc Global Res raised PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada reduced their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $178.60.

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.