Fourpath Capital Management LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fourpath Capital Management LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,069 shares of the company’s stock after buying an additional 1,621 shares during the period. Fourpath Capital Management LLC’s holdings in PepsiCo were worth $4,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the third quarter worth $31,000. Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% in the third 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. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter valued at $44,000. Finally, Global Wealth Strategies & Associates raised its stake in PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP opened at $150.27 on Tuesday. The stock has a fifty day moving average price of $153.12 and a 200 day moving average price of $164.85. The company has a market cap of $206.17 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 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. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $172.00 price objective on shares of PepsiCo in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.73.

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.