PepsiCo, Inc. (NASDAQ:PEP) is Tyche Wealth Partners LLC’s 2nd Largest Position

Tyche Wealth Partners LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 199,790 shares of the company’s stock after acquiring an additional 1,325 shares during the period. PepsiCo accounts for about 6.4% of Tyche Wealth Partners LLC’s holdings, making the stock its 2nd largest position. Tyche Wealth Partners LLC’s holdings in PepsiCo were worth $30,380,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in 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 buying an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $171.76.

PepsiCo Price Performance

NASDAQ:PEP opened at $145.66 on Thursday. 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 stock’s 50 day moving average price is $152.49 and its two-hundred day moving average price is $164.53. The firm has a market capitalization of $199.84 billion, a price-to-earnings ratio of 21.48, 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.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo’s dividend payout ratio is currently 79.94%.

PepsiCo Company 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.