By otakuyassine3@gmail.com 
Oxler Private Wealth LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,043 shares of the company’s stock after selling 898 shares during the period. PepsiCo accounts for 0.7% of Oxler Private Wealth LLC’s portfolio, making the stock its 27th largest holding. Oxler Private Wealth LLC’s holdings in PepsiCo were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Cross Staff Investments Inc grew its position 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 during the period. Paulson Wealth Management Inc. boosted its stake in shares of PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares in the last quarter. LCM Capital Management Inc grew its holdings in shares of PepsiCo by 0.8% in the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after purchasing an additional 62 shares during the last quarter. Demars Financial Group LLC lifted its holdings in PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after purchasing an additional 62 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in PepsiCo by 1.6% in the third quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock valued at $733,000 after buying an additional 66 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
PepsiCo Stock Down 0.8 %
NASDAQ:PEP opened at $150.69 on Friday. The stock’s fifty day simple moving average is $153.35 and its 200-day simple moving average is $164.97. The firm has a market capitalization of $206.75 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders 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 3.60%. PepsiCo’s payout ratio is currently 79.94%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. TD Cowen cut 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. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a report on Wednesday. Finally, UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $176.73.
Get Our Latest Research Report on PEP
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.
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