4,024 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, HoldingsChannel reports. The firm bought 4,024 shares of the company’s stock, valued at approximately $612,000.

Other large investors also recently modified their holdings of the company. Vantage Financial Partners LLC purchased a new stake in PepsiCo in the 4th quarter valued at $202,000. Proficio Capital Partners LLC raised its position in PepsiCo by 22.7% in the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company’s stock valued at $677,000 after buying an additional 824 shares during the last quarter. Assetmark Inc. raised its position in PepsiCo by 37.6% in the 4th quarter. Assetmark Inc. now owns 56,108 shares of the company’s stock valued at $8,532,000 after buying an additional 15,328 shares during the last quarter. Academy Capital Management raised its position in PepsiCo by 1.4% in the 4th quarter. Academy Capital Management now owns 88,135 shares of the company’s stock valued at $13,402,000 after buying an additional 1,224 shares during the last quarter. Finally, Souders Financial Advisors raised its position in PepsiCo by 22.5% in the 4th quarter. Souders Financial Advisors now owns 4,274 shares of the company’s stock valued at $650,000 after buying an additional 784 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Barclays decreased their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Evercore ISI decreased their target price on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Down 1.2 %

Shares of NASDAQ PEP opened at $154.19 on Wednesday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business has a 50-day simple moving average of $148.71 and a two-hundred day simple moving average of $161.20. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $211.47 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.