PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,166,089 shares of the company's stock after acquiring an additional 167,122 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of PepsiCo worth $177,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Empowered Funds LLC increased its holdings in PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after buying an additional 8,406 shares during the period. Janus Henderson Group PLC increased its holdings in PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after buying an additional 34,633 shares during the period. IHT Wealth Management LLC increased its holdings in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after buying an additional 5,220 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its holdings in PepsiCo by 12.8% in the fourth 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 during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in PepsiCo in the third quarter worth $9,589,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded down $3.90 on Friday, reaching $142.64. 9,628,047 shares of the company were exchanged, compared to its average volume of 7,259,143. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market cap of $195.70 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.94 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 business has a 50-day moving average price of $157.35 and a 200 day moving average price of $166.51.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same quarter in the prior year, the company earned $2.25 EPS. PepsiCo's revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.80%. PepsiCo's dividend payout ratio is presently 79.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a "hold" rating to a "buy" rating and boosted their target price for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Finally, Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday. They set 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 eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $180.64.

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.