Oregon Pacific Wealth Management LLC Purchases New Position in PepsiCo, Inc. (NASDAQ:PEP)

Oregon Pacific Wealth Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, Holdings Channel reports. The fund purchased 1,806 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% during the 3rd 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. ORG Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $44,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock worth $59,000 after purchasing an additional 231 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PEP shares. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays dropped their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Price Performance

PEP opened at $150.69 on Monday. The firm has a market cap of $206.75 billion, a P/E ratio of 22.23, a PEG ratio of 2.92 and a beta of 0.54. The firm has a 50-day moving average of $153.12 and a 200 day moving average of $164.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo Announces Dividend

The business also recently declared 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 yield of 3.60%. PepsiCo’s payout ratio is currently 79.94%.

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.