Abner Herrman & Brock LLC Has $2.25 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Abner Herrman & Brock LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,764 shares of the company’s stock after selling 240 shares during the period. Abner Herrman & Brock LLC’s holdings in PepsiCo were worth $2,245,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PEP. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its position in shares of PepsiCo by 93.2% in 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 last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth $44,000. Finally, Global Wealth Strategies & Associates lifted its stake in PepsiCo by 145.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after buying an additional 231 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen cut their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.73.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.69 on Monday. The stock’s 50-day moving average is $153.12 and its 200-day moving average is $164.88. The stock has a market cap of $206.75 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The firm also recently declared 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 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 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.