Eagle Wealth Strategies LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Eagle Wealth Strategies LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,802 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in PepsiCo were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Global Wealth Strategies & Associates grew its position in 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 purchasing an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo during the third quarter valued at approximately $31,000. Mattson Financial Services LLC purchased a new stake in PepsiCo in the 2nd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.3 %

PEP opened at $148.09 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company’s 50 day simple moving average is $154.74 and its two-hundred day simple moving average is $165.64. The firm has a market capitalization of $203.18 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Wells Fargo & Company dropped their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $178.20.

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.