Southland Equity Partners LLC Purchases 1,774 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Southland Equity Partners LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,745 shares of the company’s stock after purchasing an additional 1,774 shares during the period. Southland Equity Partners LLC’s holdings in PepsiCo were worth $2,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in PepsiCo by 1.9% in the 4th quarter. Sound Income Strategies LLC now owns 5,360 shares of the company’s stock worth $815,000 after buying an additional 101 shares during the last quarter. LexAurum Advisors LLC lifted its holdings in shares of PepsiCo by 14.2% in the 4th quarter. LexAurum Advisors LLC now owns 2,710 shares of the company’s stock worth $412,000 after acquiring an additional 336 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its stake in shares of PepsiCo by 0.4% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 63,774 shares of the company’s stock valued at $9,697,000 after purchasing an additional 232 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its stake in PepsiCo by 1.6% in the fourth quarter. Hengehold Capital Management LLC now owns 20,880 shares of the company’s stock worth $3,175,000 after purchasing an additional 322 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $148.62 on Friday. The company has a 50-day simple moving average of $154.40 and a two-hundred day simple moving average of $165.52. 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 firm has a market capitalization of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Dividend Announcement

The company 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 dividend yield of 3.65%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PEP shares. Barclays reduced their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $178.20.

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.