Accurate Wealth Management LLC Has $1.40 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Accurate Wealth Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,809 shares of the company’s stock after purchasing an additional 450 shares during the period. Accurate Wealth Management LLC’s holdings in PepsiCo were worth $1,403,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PEP. Fiduciary Financial Group LLC increased its position in shares of PepsiCo by 5.6% during the fourth quarter. Fiduciary Financial Group LLC now owns 1,852 shares of the company’s stock worth $264,000 after acquiring an additional 98 shares in the last quarter. Breakwater Capital Group increased its position in shares of PepsiCo by 11.4% in the fourth quarter. Breakwater Capital Group now owns 5,648 shares of the company’s stock valued at $859,000 after acquiring an additional 577 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of PepsiCo by 4.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 18,214 shares of the company’s stock worth $2,770,000 after purchasing an additional 814 shares in the last quarter. West Oak Capital LLC lifted its stake in PepsiCo by 1.9% in the fourth quarter. West Oak Capital LLC now owns 12,579 shares of the company’s stock valued at $1,913,000 after acquiring an additional 240 shares during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in PepsiCo by 1.5% during the fourth quarter. Global Financial Private Client LLC now owns 11,695 shares of the company’s stock worth $1,778,000 after purchasing an additional 177 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PEP shares. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Barclays dropped their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Stock Up 0.3 %

Shares of NASDAQ PEP opened at $144.95 on Wednesday. The stock has a market capitalization of $198.87 billion, a P/E ratio of 21.38, a PEG ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm’s 50 day simple moving average is $156.46 and its two-hundred day simple moving average is $166.20. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

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.