Signature Wealth Management Partners LLC Has $664,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Signature Wealth Management Partners LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,369 shares of the company’s stock after selling 300 shares during the period. Signature Wealth Management Partners LLC’s holdings in PepsiCo were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Global Wealth Strategies & Associates raised its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo in the second quarter worth about $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 2.8 %

PEP opened at $150.25 on Wednesday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a fifty day moving average of $153.81 and a 200-day moving average of $165.28. The stock has a market cap of $206.14 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The firm also recently announced 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 of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.61%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Barclays lowered their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $177.00.

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.