LMG Wealth Partners LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

LMG Wealth Partners LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,164 shares of the company’s stock after purchasing an additional 1,511 shares during the period. PepsiCo accounts for 1.6% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 19th biggest holding. LMG Wealth Partners LLC’s holdings in PepsiCo were worth $7,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the third quarter valued at approximately $28,000. Collier Financial bought a new stake in PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the third quarter worth $31,000. Finally, Rakuten Securities Inc. grew 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 purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PEP shares. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays decreased their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 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 given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ:PEP opened at $145.81 on Thursday. The stock has a market capitalization of $199.98 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The stock’s 50-day moving average price is $149.16 and its 200-day moving average price is $162.60. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.