Archford Capital Strategies LLC Sells 102 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Archford Capital Strategies LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,875 shares of the company’s stock after selling 102 shares during the quarter. Archford Capital Strategies LLC’s holdings in PepsiCo were worth $1,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $31,000. Mattson Financial Services LLC bought a new position in shares of PepsiCo in the 2nd quarter worth $34,000. Finally, Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% during 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. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3 %

PEP stock opened at $149.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $204.59 billion, a PE ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a 50-day simple moving average of $153.88 and a two-hundred day simple moving average of $165.31.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEP. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays lowered their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.00.

PepsiCo 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.