PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,301 shares of the company’s stock after purchasing an additional 222 shares during the quarter. Chemistry Wealth Management LLC’s holdings in PepsiCo were worth $350,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PEP. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Cross Staff Investments Inc raised its holdings in PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after acquiring an additional 60 shares in the last quarter. Paulson Wealth Management Inc. raised its holdings in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after acquiring an additional 60 shares in the last quarter. LCM Capital Management Inc raised its holdings in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after acquiring an additional 62 shares in the last quarter. Finally, Demars Financial Group LLC raised its holdings in PepsiCo by 1.1% in the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $148.25 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market cap of $203.40 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company’s 50 day simple moving average is $155.37 and its 200-day simple moving average is $165.82. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PEP shares. Barclays reduced their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and increased their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. 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. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. Finally, Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.60.

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.