PepsiCo, Inc. (NASDAQ:PEP) Position Raised by Leo Wealth LLC

Leo Wealth LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 47.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,328 shares of the company’s stock after acquiring an additional 4,309 shares during the period. Leo Wealth LLC’s holdings in PepsiCo were worth $2,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter valued at $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $145.35 on Friday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market capitalization of $199.42 billion, a PE ratio of 21.44, a PEG ratio of 2.92 and a beta of 0.54. The company’s 50 day moving average price is $152.15 and its 200 day moving average price is $164.39.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. Morgan Stanley cut their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday. They set a $172.00 target price for the company. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $171.47.

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.