Kiley Juergens Wealth Management LLC Makes New $1.56 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

Kiley Juergens Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,261 shares of the company’s stock, valued at approximately $1,560,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Mitchell & Pahl Private Wealth LLC boosted its position in shares of PepsiCo by 11.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 11,319 shares of the company’s stock worth $1,721,000 after buying an additional 1,135 shares during the period. Martel Wealth Advisors Inc acquired a new stake in PepsiCo during the 4th quarter worth about $456,000. Culbertson A N & Co. Inc. increased its holdings in shares of PepsiCo by 4.0% in the 4th quarter. Culbertson A N & Co. Inc. now owns 65,245 shares of the company’s stock valued at $9,921,000 after purchasing an additional 2,521 shares during the period. Pure Financial Advisors LLC boosted its holdings in shares of PepsiCo by 23.6% during the fourth quarter. Pure Financial Advisors LLC now owns 6,312 shares of the company’s stock worth $960,000 after purchasing an additional 1,207 shares during the period. Finally, Tudor Financial Inc. grew its position in PepsiCo by 69.7% during the fourth quarter. Tudor Financial Inc. now owns 6,179 shares of the company’s stock valued at $939,000 after purchasing an additional 2,538 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.2 %

PEP stock opened at $148.25 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a 50-day moving average of $155.37 and a two-hundred day moving average of $165.86. The stock has a market capitalization of $203.40 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. UBS Group cut their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.