Austin Private Wealth LLC Buys 765 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Austin Private Wealth LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,768 shares of the company’s stock after purchasing an additional 765 shares during the period. Austin Private Wealth LLC’s holdings in PepsiCo were worth $725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its stake in PepsiCo by 13.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock valued at $95,000 after purchasing an additional 68 shares in the last quarter. Centaurus Financial Inc. raised its stake in PepsiCo by 210.2% during the second quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after purchasing an additional 9,770 shares in the last quarter. Mattson Financial Services LLC purchased a new stake in PepsiCo during the second quarter valued at $34,000. AMF Tjanstepension AB raised its stake in PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Finally, Czech National Bank raised its stake in PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after purchasing an additional 17,833 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $176.73.

PepsiCo Stock Down 0.8 %

PEP stock opened at $150.69 on Friday. The company’s 50 day moving average price is $153.35 and its 200 day moving average price is $164.97. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.91 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.