Accel Wealth Management Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Accel Wealth Management lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,091 shares of the company’s stock after purchasing an additional 552 shares during the quarter. Accel Wealth Management’s holdings in PepsiCo were worth $2,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. apricus wealth LLC increased its stake in PepsiCo by 3.9% in the fourth quarter. apricus wealth LLC now owns 3,553 shares of the company’s stock valued at $540,000 after purchasing an additional 134 shares during the period. Firethorn Wealth Partners LLC acquired a new position in PepsiCo in the 4th quarter valued at about $206,000. Pflug Koory LLC lifted its position in PepsiCo by 2.3% during the 4th quarter. Pflug Koory LLC now owns 7,674 shares of the company’s stock worth $1,167,000 after acquiring an additional 175 shares during the period. Atlas Private Wealth Advisors grew its stake in shares of PepsiCo by 2.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 10,766 shares of the company’s stock valued at $1,637,000 after purchasing an additional 240 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of PepsiCo by 2,263.4% in the fourth quarter. Gradient Investments LLC now owns 90,280 shares of the company’s stock valued at $13,728,000 after purchasing an additional 86,460 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $149.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm’s 50-day simple moving average is $154.07 and its 200 day simple moving average is $165.40. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a market capitalization of $204.59 billion, a PE ratio of 21.99, a P/E/G ratio of 2.86 and a beta of 0.54.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.00.

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.