CFM Wealth Partners LLC Buys 240 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CFM Wealth Partners LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,655 shares of the company’s stock after acquiring an additional 240 shares during the quarter. CFM Wealth Partners LLC’s holdings in PepsiCo were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sunesis Advisors LLC lifted its stake in PepsiCo by 1.6% in the 4th quarter. Sunesis Advisors LLC now owns 6,256 shares of the company’s stock valued at $951,000 after purchasing an additional 100 shares during the last quarter. Citadel Investment Advisory Inc. lifted its stake in PepsiCo by 0.9% in the 4th quarter. Citadel Investment Advisory Inc. now owns 16,671 shares of the company’s stock valued at $2,535,000 after purchasing an additional 150 shares during the last quarter. Level Wealth Management LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $227,000. McAdam LLC increased its position in PepsiCo by 12.3% in the 4th quarter. McAdam LLC now owns 2,314 shares of the company’s stock valued at $352,000 after acquiring an additional 253 shares during the period. Finally, Round Rock Advisors LLC increased its position in PepsiCo by 8.3% in the 4th quarter. Round Rock Advisors LLC now owns 10,423 shares of the company’s stock valued at $1,585,000 after acquiring an additional 802 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research 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. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $176.73.

PepsiCo Stock Down 0.8 %

PepsiCo stock opened at $150.69 on Monday. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The firm’s fifty day moving average price is $153.12 and its two-hundred day moving average price is $164.88. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.