Golden State Wealth Management LLC Invests $514,000 in PepsiCo, Inc. (NASDAQ:PEP)

Golden State Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,379 shares of the company’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Centerline Wealth Advisors LLC purchased a new stake in PepsiCo during the fourth quarter worth $1,655,000. Global X Japan Co. Ltd. grew its position in shares of PepsiCo by 20.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 3,022 shares of the company’s stock valued at $460,000 after acquiring an additional 513 shares during the period. Fairvoy Private Wealth LLC acquired a new position in PepsiCo in the 4th quarter worth about $670,000. Keystone Financial Group Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $69,000. Finally, William Allan Corp increased its position in shares of PepsiCo by 5.0% in the fourth quarter. William Allan Corp now owns 14,133 shares of the company’s stock valued at $2,149,000 after buying an additional 679 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.5 %

Shares of PEP opened at $144.58 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a market capitalization of $198.29 billion, a PE ratio of 21.32, a P/E/G ratio of 2.92 and a beta of 0.54. The company’s 50-day simple moving average is $151.80 and its 200-day simple moving average is $164.26. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.