Pure Financial Advisors LLC Has $960,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Pure Financial Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,312 shares of the company’s stock after buying an additional 1,207 shares during the quarter. Pure Financial Advisors LLC’s holdings in PepsiCo were worth $960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PEP. Global Wealth Strategies & Associates lifted its stake in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth about $31,000. Mattson Financial Services LLC acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in 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 Trading Up 0.2 %

Shares of PEP stock opened at $148.55 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a fifty day moving average of $155.05 and a 200-day moving average of $165.76. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $203.81 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, Barclays lowered their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $178.60.

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.