250 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Bridge Generations Wealth Management LLC

Bridge Generations Wealth Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 250 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors have also recently modified their holdings of the company. Cadence Bank grew its holdings in shares of PepsiCo by 0.9% during the fourth quarter. Cadence Bank now owns 64,825 shares of the company’s stock valued at $9,857,000 after buying an additional 608 shares during the last quarter. Alpha DNA Investment Management LLC lifted its position in PepsiCo by 1.9% in the 4th quarter. Alpha DNA Investment Management LLC now owns 6,042 shares of the company’s stock valued at $919,000 after acquiring an additional 115 shares in the last quarter. Arrow Capital Pty Ltd purchased a new stake in PepsiCo during the 4th quarter valued at $4,562,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of PepsiCo by 5.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,922,680 shares of the company’s stock worth $292,180,000 after purchasing an additional 106,461 shares in the last quarter. Finally, Ally Financial Inc. raised its stake in shares of PepsiCo by 173.3% in the fourth quarter. Ally Financial Inc. now owns 82,000 shares of the company’s stock worth $12,469,000 after purchasing an additional 52,000 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $142.84 on Friday. The stock has a market cap of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 12 month low of $138.33 and a 12 month high of $183.41. The company’s 50 day moving average is $148.22 and its two-hundred day moving average is $155.14. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. During the same quarter in the previous year, the company earned $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Bank of America reiterated a “neutral” rating and issued a $155.00 price target (down from $185.00) on shares of PepsiCo in a research note on Tuesday. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $168.12.

PepsiCo Company 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.