Fulcrum Capital LLC Purchases 975 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Fulcrum Capital LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,440 shares of the company’s stock after purchasing an additional 975 shares during the quarter. PepsiCo comprises about 1.6% of Fulcrum Capital LLC’s portfolio, making the stock its 22nd biggest holding. Fulcrum Capital LLC’s holdings in PepsiCo were worth $7,670,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Forza Wealth Management LLC raised its holdings in PepsiCo by 2.2% in the 4th quarter. Forza Wealth Management LLC now owns 5,954 shares of the company’s stock valued at $905,000 after acquiring an additional 128 shares in the last quarter. Accelerate Investment Advisors LLC acquired a new position in PepsiCo in the 4th quarter valued at $207,000. Cooper Financial Group raised its holdings in PepsiCo by 10.5% in the 4th quarter. Cooper Financial Group now owns 4,078 shares of the company’s stock valued at $620,000 after acquiring an additional 389 shares in the last quarter. Talbot Financial LLC raised its holdings in PepsiCo by 1.5% in the 4th quarter. Talbot Financial LLC now owns 55,083 shares of the company’s stock valued at $8,376,000 after acquiring an additional 821 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in PepsiCo by 1.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 292,565 shares of the company’s stock valued at $44,796,000 after acquiring an additional 2,794 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 1.7 %

Shares of PepsiCo stock traded up $2.47 on Monday, hitting $145.11. 4,769,595 shares of the company’s stock traded hands, compared to its average volume of 6,865,861. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. 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 fifty day moving average of $157.35 and a two-hundred day moving average of $166.50. The company has a market capitalization of $199.09 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.74%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

Several brokerages have weighed in on PEP. Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $180.64.

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.