Global Wealth Strategies & Associates Has $59,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Global Wealth Strategies & Associates raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 145.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390 shares of the company’s stock after purchasing an additional 231 shares during the quarter. Global Wealth Strategies & Associates’ holdings in PepsiCo were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. SK Wealth Management LLC bought a new stake in PepsiCo in the 3rd quarter valued at $384,000. Independent Solutions Wealth Management LLC increased its position in PepsiCo by 27.2% during the third quarter. Independent Solutions Wealth Management LLC now owns 3,361 shares of the company’s stock worth $572,000 after acquiring an additional 719 shares during the period. Brass Tax Wealth Management Inc. raised its stake in PepsiCo by 8.7% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,660 shares of the company’s stock worth $452,000 after purchasing an additional 212 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of PepsiCo by 22.1% during the 3rd quarter. Retirement Systems of Alabama now owns 657,482 shares of the company’s stock worth $111,805,000 after purchasing an additional 118,983 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its position in shares of PepsiCo by 12.4% in the third quarter. Inspire Trust Co. N.A. now owns 12,300 shares of the company’s stock valued at $2,092,000 after buying an additional 1,355 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven 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 price target of $184.31.

PepsiCo Trading Down 1.3 %

NASDAQ PEP traded down $1.93 during trading hours on Thursday, reaching $150.13. The company’s stock had a trading volume of 1,939,483 shares, compared to its average volume of 5,585,426. PepsiCo, Inc. has a 52 week low of $149.71 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $205.98 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.94 and a beta of 0.52. The firm has a fifty day simple moving average of $160.39 and a 200-day simple moving average of $167.49.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.61%. 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.