PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by StrongBox Wealth LLC

StrongBox Wealth LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,331 shares of the company’s stock after purchasing an additional 479 shares during the quarter. StrongBox Wealth LLC’s holdings in PepsiCo were worth $2,483,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PEP. Financial Enhancement Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $396,000. Flywheel Private Wealth LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $414,000. Rovin Capital UT ADV boosted its holdings in shares of PepsiCo by 3.7% in the fourth quarter. Rovin Capital UT ADV now owns 2,854 shares of the company’s stock valued at $434,000 after acquiring an additional 103 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $195,000. Finally, ERn Financial LLC boosted its holdings in shares of PepsiCo by 3.0% in the fourth quarter. ERn Financial LLC now owns 6,194 shares of the company’s stock valued at $942,000 after acquiring an additional 180 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $180.64.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.78 on Thursday. The firm has a 50 day simple moving average of $156.46 and a 200-day simple moving average of $166.20. 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 firm has a market cap of $198.64 billion, a PE ratio of 21.35, a P/E/G ratio of 2.57 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

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.