Global Wealth Strategies & Associates Has $59,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Global Wealth Strategies & Associates raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 145.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390 shares of the company’s stock after acquiring an additional 231 shares during the quarter. Global Wealth Strategies & Associates’ holdings in PepsiCo were worth $59,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Empowered Funds LLC raised its stake in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after acquiring an additional 8,406 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after buying an additional 5,220 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in PepsiCo during the 3rd quarter worth about $9,589,000. Finally, Kestra Investment Management LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $527,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PEP shares. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and raised their target price for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $184.31.

PepsiCo Stock Down 1.3 %

NASDAQ:PEP traded down $1.93 during trading hours on Thursday, reaching $150.13. 1,939,483 shares of the stock were exchanged, compared to its average volume of 5,585,426. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a twelve month low of $149.71 and a twelve month high of $183.41. The stock has a market cap of $205.98 billion, a PE ratio of 22.14, a PEG ratio of 2.94 and a beta of 0.52. The firm has a 50 day moving average of $160.39 and a 200 day moving average of $167.49.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

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.