Newton One Investments LLC Buys New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Newton One Investments LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 603 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. ORG Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter valued at $44,000. Finally, Global Wealth Strategies & Associates grew its position in PepsiCo by 145.3% during 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 last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. UBS Group lowered their price objective 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. Finally, Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Down 0.3 %

PEP opened at $150.27 on Tuesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $206.17 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.92 and a beta of 0.54. The business’s fifty day moving average is $153.12 and its two-hundred day moving average is $164.85. 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 (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. Analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.