Sendero Wealth Management LLC Acquires 254 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Sendero Wealth Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,017 shares of the company’s stock after acquiring an additional 254 shares during the period. Sendero Wealth Management LLC’s holdings in PepsiCo were worth $3,044,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sawyer & Company Inc grew its holdings in shares of PepsiCo by 30.7% during the fourth quarter. Sawyer & Company Inc now owns 1,597 shares of the company’s stock worth $243,000 after buying an additional 375 shares in the last quarter. Websterrogers Financial Advisors LLC grew its stake in shares of PepsiCo by 97.6% during the 4th quarter. Websterrogers Financial Advisors LLC now owns 2,705 shares of the company’s stock worth $411,000 after acquiring an additional 1,336 shares in the last quarter. Godsey & Gibb Inc. raised its holdings in shares of PepsiCo by 2.1% in the fourth quarter. Godsey & Gibb Inc. now owns 117,494 shares of the company’s stock valued at $17,866,000 after purchasing an additional 2,377 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in PepsiCo by 5.2% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,226 shares of the company’s stock worth $1,859,000 after purchasing an additional 604 shares during the last quarter. Finally, Burney Co. grew its position in PepsiCo by 2.1% in the fourth quarter. Burney Co. now owns 21,887 shares of the company’s stock valued at $3,328,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $180.64.

PepsiCo Price Performance

PepsiCo stock opened at $144.78 on Thursday. The company has a market capitalization of $198.64 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock’s 50 day moving average is $156.46 and its 200-day moving average is $166.20.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio 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.