Octavia Wealth Advisors LLC Buys 1,448 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Octavia Wealth Advisors LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,425 shares of the company’s stock after purchasing an additional 1,448 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in PepsiCo were worth $2,980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Commons Capital LLC boosted its position in shares of PepsiCo by 7.7% during the 4th quarter. Commons Capital LLC now owns 3,421 shares of the company’s stock worth $520,000 after acquiring an additional 244 shares in the last quarter. Roberts Wealth Advisors LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $298,000. Fort Washington Investment Advisors Inc. OH boosted its holdings in PepsiCo by 19.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company’s stock worth $59,614,000 after acquiring an additional 62,808 shares in the last quarter. Transform Wealth LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $274,000. Finally, Clear Harbor Asset Management LLC lifted its stake in PepsiCo by 56.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,487 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

PEP stock opened at $148.55 on Wednesday. The firm has a market capitalization of $203.81 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company’s 50 day simple moving average is $155.05 and its 200-day simple moving average is $165.76.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo’s dividend payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $178.60.

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.