Level Wealth Management LLC Takes $227,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Level Wealth Management LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,493 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter worth about $44,000. Finally, Global Wealth Strategies & Associates raised its stake in PepsiCo by 145.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after purchasing an additional 231 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

Shares of PEP opened at $150.69 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $153.12 and a 200 day moving average of $164.88. The company has a market cap of $206.75 billion, a PE ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.60%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Wells Fargo & Company dropped their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $176.73.

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.