Triad Wealth Partners LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Triad Wealth Partners LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,100 shares of the company’s stock, valued at approximately $471,000.

Several other large investors have also recently bought and sold shares of PEP. Wealth Advisory Solutions LLC increased its position in PepsiCo by 10.1% in the 4th quarter. Wealth Advisory Solutions LLC now owns 1,732 shares of the company’s stock worth $264,000 after purchasing an additional 159 shares during the last quarter. Victory Capital Management Inc. increased its holdings in PepsiCo by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,133,762 shares of the company’s stock worth $324,460,000 after buying an additional 33,943 shares during the last quarter. Jag Capital Management LLC raised its position in PepsiCo by 0.5% during the fourth quarter. Jag Capital Management LLC now owns 20,547 shares of the company’s stock valued at $3,124,000 after acquiring an additional 106 shares in the last quarter. Dravo Bay LLC lifted its stake in PepsiCo by 20.9% in the fourth quarter. Dravo Bay LLC now owns 2,950 shares of the company’s stock valued at $449,000 after acquiring an additional 510 shares during the last quarter. Finally, Ariston Services Group acquired a new position in shares of PepsiCo during the 4th quarter worth $303,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Morgan Stanley decreased their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup lowered their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $154.19 on Wednesday. The company has a market capitalization 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, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. 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 firm has a 50-day moving average price of $148.71 and a two-hundred day moving average price of $161.20.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date 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 is presently 77.99%.

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.