11,020 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,020 shares of the company’s stock, valued at approximately $1,676,000. PepsiCo makes up 1.1% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 27th biggest position.

Several other hedge funds have also added to or reduced their stakes in PEP. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $28,000. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective for the company. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.39 on Friday. The company’s 50-day moving average is $149.80 and its 200 day moving average is $163.20. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The company has a market capitalization of $196.66 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.