PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,809 shares of the company’s stock after purchasing an additional 450 shares during the period. Accurate Wealth Management LLC’s holdings in PepsiCo were worth $1,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC raised its position in shares of PepsiCo by 5.6% during the 4th quarter. Fiduciary Financial Group LLC now owns 1,852 shares of the company’s stock valued at $264,000 after buying an additional 98 shares during the period. Breakwater Capital Group boosted its holdings in PepsiCo by 11.4% in the fourth quarter. Breakwater Capital Group now owns 5,648 shares of the company’s stock valued at $859,000 after purchasing an additional 577 shares during the period. 180 Wealth Advisors LLC grew its position in shares of PepsiCo by 4.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 18,214 shares of the company’s stock worth $2,770,000 after buying an additional 814 shares in the last quarter. West Oak Capital LLC increased its holdings in PepsiCo by 1.9% in the fourth quarter. West Oak Capital LLC now owns 12,579 shares of the company’s stock valued at $1,913,000 after buying an additional 240 shares during the last quarter. Finally, Global Financial Private Client LLC increased its stake in PepsiCo by 1.5% in the fourth quarter. Global Financial Private Client LLC now owns 11,695 shares of the company’s stock valued at $1,778,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3 %

PEP stock opened at $144.95 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market cap of $198.87 billion, a PE ratio of 21.38, a PEG ratio of 2.94 and a beta of 0.54. The company has a fifty day simple moving average of $156.46 and a 200 day simple moving average of $166.20. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $180.64.

PepsiCo 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.