apricus wealth LLC Purchases 134 Shares of PepsiCo, Inc. (NASDAQ:PEP)

apricus wealth LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,553 shares of the company’s stock after purchasing an additional 134 shares during the period. apricus wealth LLC’s holdings in PepsiCo were worth $540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PepsiCo during the second quarter worth $223,000. MBB Public Markets I LLC grew its holdings in PepsiCo by 2,015.4% in the second quarter. MBB Public Markets I LLC now owns 97,688 shares of the company’s stock worth $16,112,000 after purchasing an additional 93,070 shares during the period. Lummis Asset Management LP boosted its holdings in PepsiCo by 0.7% in the second quarter. Lummis Asset Management LP now owns 11,442 shares of the company’s stock worth $1,887,000 after acquiring an additional 76 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $4,123,000. Finally, Legal & General Group Plc lifted its holdings in shares of PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after purchasing an additional 905,468 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.12 on Friday. The stock has a market capitalization of $204.59 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.86 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 firm has a 50-day simple moving average of $154.07 and a 200-day simple moving average of $165.40. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. TD Cowen reduced their price objective 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. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $177.00.

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.