Transform Wealth LLC Takes $274,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Transform Wealth LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,797 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently bought and sold shares of the business. Clear Harbor Asset Management LLC lifted its position in PepsiCo by 56.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company’s stock worth $1,050,000 after purchasing an additional 2,487 shares during the period. Charles Schwab Trust Co lifted its holdings in shares of PepsiCo by 8.6% during the 4th quarter. Charles Schwab Trust Co now owns 8,868 shares of the company’s stock worth $1,348,000 after acquiring an additional 705 shares during the period. Kiley Juergens Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $1,560,000. Mitchell & Pahl Private Wealth LLC increased its stake in PepsiCo by 11.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 11,319 shares of the company’s stock valued at $1,721,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Martel Wealth Advisors Inc acquired a new position in PepsiCo during the fourth quarter valued at approximately $456,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $148.55 on Wednesday. The firm has a 50 day moving average price of $155.05 and a two-hundred day moving average price of $165.76. 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 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market cap of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors 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 annualized dividend and a yield of 3.65%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PEP. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Barclays lowered their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the company from $179.00 to $184.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $178.60.

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.