RBA Wealth Management LLC Purchases 275 Shares of PepsiCo, Inc. (NASDAQ:PEP)

RBA Wealth Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,835 shares of the company’s stock after purchasing an additional 275 shares during the period. RBA Wealth Management LLC’s holdings in PepsiCo were worth $4,385,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PEP. AMF Tjanstepension AB grew its holdings in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares in the last quarter. Czech National Bank grew its holdings in PepsiCo by 6.8% during the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after buying an additional 17,833 shares in the last quarter. GAMMA Investing LLC grew its holdings in PepsiCo by 22.9% during the 3rd quarter. GAMMA Investing LLC now owns 25,124 shares of the company’s stock valued at $4,272,000 after buying an additional 4,676 shares in the last quarter. Diversified Trust Co grew its holdings in PepsiCo by 3.9% during the 3rd quarter. Diversified Trust Co now owns 77,895 shares of the company’s stock valued at $13,246,000 after buying an additional 2,950 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its holdings in PepsiCo by 0.9% during the 3rd quarter. Smith Anglin Financial LLC now owns 8,222 shares of the company’s stock valued at $1,398,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Barclays dropped their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.73.

PepsiCo Stock Performance

NASDAQ PEP opened at $150.27 on Tuesday. The stock has a market cap of $206.17 billion, a PE ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a fifty day simple moving average of $153.12 and a 200-day simple moving average of $164.85.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors 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 yield of 3.61%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.