Phoenix Wealth Advisors Acquires 103 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Phoenix Wealth Advisors boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,263 shares of the company’s stock after acquiring an additional 103 shares during the quarter. Phoenix Wealth Advisors’ holdings in PepsiCo were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Albion Financial Group UT lifted its holdings in shares of PepsiCo by 0.6% during the fourth quarter. Albion Financial Group UT now owns 39,108 shares of the company’s stock valued at $5,947,000 after acquiring an additional 239 shares during the period. Eagle Wealth Strategies LLC lifted its holdings in PepsiCo by 5.3% during the 4th quarter. Eagle Wealth Strategies LLC now owns 2,802 shares of the company’s stock valued at $426,000 after purchasing an additional 142 shares during the last quarter. West Branch Capital LLC boosted its position in PepsiCo by 6.5% in the fourth quarter. West Branch Capital LLC now owns 15,871 shares of the company’s stock valued at $2,413,000 after buying an additional 970 shares in the last quarter. Missouri Trust & Investment Co grew its stake in PepsiCo by 10.0% during the fourth quarter. Missouri Trust & Investment Co now owns 7,255 shares of the company’s stock worth $1,103,000 after buying an additional 660 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of PepsiCo by 137.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 985,435 shares of the company’s stock worth $150,959,000 after buying an additional 570,237 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Wells Fargo & Company lowered their price objective 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. Finally, Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $178.20.

PepsiCo Price Performance

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

PepsiCo Dividend Announcement

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

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.