Unique Wealth Strategies LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Unique Wealth Strategies LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,874 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors have also recently made changes to their positions in the company. Amplius Wealth Advisors LLC boosted its position in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares during the period. Darwin Wealth Management LLC lifted its position in shares of PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Beacon Financial Advisory LLC lifted its position in shares of PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after purchasing an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC lifted its position in shares of PepsiCo by 4.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

PepsiCo stock traded down $1.10 during midday trading on Friday, hitting $175.58. 4,472,102 shares of the stock were exchanged, compared to its average volume of 5,365,961. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm has a market cap of $241.39 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a 50 day moving average price of $169.40 and a two-hundred day moving average price of $167.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 76.09%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, Barclays boosted their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.