Traphagen Investment Advisors LLC Purchases 696 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Traphagen Investment Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.9% during the fourth quarter, HoldingsChannel reports. The fund owned 5,704 shares of the company’s stock after buying an additional 696 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in PepsiCo were worth $867,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth $31,000. Mattson Financial Services LLC bought a new position in PepsiCo during the 2nd quarter worth $34,000. Finally, Rakuten Securities Inc. lifted its holdings in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Barclays lowered their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reduced their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $178.60.

PepsiCo Price Performance

PEP opened at $148.55 on Wednesday. The firm’s fifty day moving average price is $155.05 and its two-hundred day moving average price is $165.76. The company has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54. 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 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

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