Lineweaver Wealth Advisors LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Lineweaver Wealth Advisors LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,164 shares of the company’s stock after purchasing an additional 648 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in PepsiCo were worth $1,698,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PEP. Highline Wealth Partners LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC bought a new stake in PepsiCo in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $151.51 on Thursday. The company has a 50 day moving average of $148.56 and a 200 day moving average of $161.80. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market cap of $207.80 billion, a P/E ratio of 21.80, a PEG ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.58%. PepsiCo’s dividend payout ratio 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.