Sugarloaf Wealth Management LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sugarloaf Wealth Management LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,880 shares of the company’s stock after purchasing an additional 147 shares during the period. Sugarloaf Wealth Management LLC’s holdings in PepsiCo were worth $438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $31,000. Mattson Financial Services LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at about $34,000. Finally, Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 2.7 %

Shares of NASDAQ:PEP traded down $4.02 on Friday, hitting $142.52. The company had a trading volume of 5,956,639 shares, compared to its average volume of 6,614,873. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. 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 $157.81 and its two-hundred day simple moving average is $166.68. The firm has a market capitalization of $195.54 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the business earned $2.25 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

A number of brokerages have commented on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Barclays lowered their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $180.64.

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.