Phoenix Wealth Advisors Acquires 103 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Phoenix Wealth Advisors lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,263 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Phoenix Wealth Advisors’ holdings in PepsiCo were worth $1,104,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Thrivent Financial for Lutherans lifted its holdings in shares of PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after purchasing an additional 9,567 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its stake in PepsiCo by 41.3% in the 2nd quarter. Wescott Financial Advisory Group LLC now owns 2,475 shares of the company’s stock valued at $408,000 after acquiring an additional 724 shares in the last quarter. Fred Alger Management LLC boosted its position in PepsiCo by 5.6% during the 2nd quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock worth $8,220,000 after acquiring an additional 2,651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $223,000. Finally, Alley Investment Management Company LLC lifted its position in shares of PepsiCo by 0.8% in the second quarter. Alley Investment Management Company LLC now owns 68,863 shares of the company’s stock worth $11,358,000 after purchasing an additional 548 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3 %

PepsiCo stock opened at $148.09 on Thursday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap of $203.18 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.75 and a beta of 0.54. The company’s 50-day moving average price is $154.74 and its two-hundred day moving average price is $165.64. 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 company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PEP shares. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company cut their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, TD Cowen lowered 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.20.

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.