Secure Asset Management LLC Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Secure Asset Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,546 shares of the company’s stock after buying an additional 855 shares during the period. Secure Asset Management LLC’s holdings in PepsiCo were worth $539,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Red Door Wealth Management LLC grew its holdings in PepsiCo by 7.8% in the 4th quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock worth $5,388,000 after acquiring an additional 2,568 shares during the last quarter. Trust Co. of Oklahoma grew its stake in shares of PepsiCo by 2.9% in the fourth quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock worth $4,299,000 after purchasing an additional 799 shares during the last quarter. Peterson Wealth Advisors LLC increased its holdings in PepsiCo by 16.4% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,395 shares of the company’s stock valued at $209,000 after purchasing an additional 197 shares during the period. Raleigh Capital Management Inc. raised its position in PepsiCo by 42.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 10,466 shares of the company’s stock valued at $1,592,000 after purchasing an additional 3,131 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its holdings in PepsiCo by 1.7% in the 4th quarter. D.B. Root & Company LLC now owns 4,679 shares of the company’s stock worth $711,000 after buying an additional 76 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $149.12 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market capitalization of $204.59 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The firm has a 50 day moving average of $154.07 and a 200 day moving average of $165.40. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. JPMorgan Chase & Co. decreased their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays reduced their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $177.00.

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.