PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Journey Strategic Wealth LLC
Journey Strategic Wealth LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,556 shares of the company's stock after selling 2,172 shares during the period. PepsiCo makes up about 1.2% of Journey Strategic Wealth LLC's investment portfolio, making the stock its 5th largest position. Journey Strategic Wealth LLC's holdings in PepsiCo were worth $31,865,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in PepsiCo during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Rakuten Securities Inc. lifted its stake in shares of PepsiCo by 93.2% in the third 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 period. ORG Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter worth about $44,000. Finally, Global Wealth Strategies & Associates increased its stake in PepsiCo by 145.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 390 shares of the company's stock valued at $59,000 after acquiring an additional 231 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo stock opened at $150.69 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a 50-day simple moving average of $153.12 and a 200 day simple moving average of $164.88. 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 has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54.
The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. PepsiCo's payout ratio is 79.94%.
Several analysts have recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $172.00 price objective on shares of PepsiCo in a report on Wednesday. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $176.73.
Get Our Latest Stock Report on PEP
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider PepsiCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.
While PepsiCo currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat's analysts have just released their top five short plays for February 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
