CreativeOne Wealth LLC Buys 6,095 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CreativeOne Wealth LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,551 shares of the company’s stock after acquiring an additional 6,095 shares during the period. CreativeOne Wealth LLC’s holdings in PepsiCo were worth $6,927,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $33,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $144.43 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The firm has a market cap of $198.06 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business’s fifty day moving average is $148.37 and its 200-day moving average is $155.68.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $169.88.

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.