Brady Family Wealth LLC Has $5.90 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brady Family Wealth LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,772 shares of the company’s stock after selling 1,633 shares during the period. PepsiCo makes up 1.8% of Brady Family Wealth LLC’s investment portfolio, making the stock its 17th biggest position. Brady Family Wealth LLC’s holdings in PepsiCo were worth $5,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Wealth Strategies & Associates boosted its position in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth $31,000. Mattson Financial Services LLC acquired a new stake in PepsiCo in the second quarter valued at $34,000. Finally, Rakuten Securities Inc. raised its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $144.78 on Thursday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a market capitalization of $198.64 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The firm has a fifty day simple moving average of $156.46 and a two-hundred day simple moving average of $166.20. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $180.64.

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.