Calamos Wealth Management LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Calamos Wealth Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 939.6% in the fourth quarter, HoldingsChannel reports. The firm owned 69,723 shares of the company’s stock after buying an additional 63,016 shares during the period. Calamos Wealth Management LLC’s holdings in PepsiCo were worth $10,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the 3rd quarter worth $31,000. Rakuten Securities Inc. boosted its position 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 during the last quarter. ORG Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter valued at about $44,000. Finally, Global Wealth Strategies & Associates lifted its stake in PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP opened at $150.27 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $153.12 and a 200 day moving average price of $164.85. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market capitalization of $206.17 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Wednesday, January 29th. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One research 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 data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $176.73.

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.