Triad Wealth Partners LLC Invests $471,000 in PepsiCo, Inc. (NASDAQ:PEP)

Triad Wealth Partners LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,100 shares of the company’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. lifted its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Piper Sandler initiated coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, Barclays decreased their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PEP opened at $154.19 on Wednesday. The firm has a fifty day moving average of $148.71 and a 200-day moving average of $161.20. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $211.47 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.