Southland Equity Partners LLC Purchases 1,774 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Southland Equity Partners LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,745 shares of the company’s stock after buying an additional 1,774 shares during the period. Southland Equity Partners LLC’s holdings in PepsiCo were worth $2,090,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of PepsiCo by 1.9% during the fourth quarter. Sound Income Strategies LLC now owns 5,360 shares of the company’s stock valued at $815,000 after buying an additional 101 shares during the last quarter. LexAurum Advisors LLC boosted its holdings in PepsiCo by 14.2% during the 4th quarter. LexAurum Advisors LLC now owns 2,710 shares of the company’s stock worth $412,000 after acquiring an additional 336 shares during the last quarter. Matthew Goff Investment Advisor LLC grew its stake in shares of PepsiCo by 0.4% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 63,774 shares of the company’s stock worth $9,697,000 after acquiring an additional 232 shares in the last quarter. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Finally, Hengehold Capital Management LLC boosted its holdings in PepsiCo by 1.6% during the fourth quarter. Hengehold Capital Management LLC now owns 20,880 shares of the company’s stock worth $3,175,000 after purchasing an additional 322 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $148.62 on Friday. The business has a 50-day simple moving average of $154.40 and a 200 day simple moving average of $165.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market cap of $203.91 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEP. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.20.

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.