Twelve Points Wealth Management LLC Purchases 3,702 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Twelve Points Wealth Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 38.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,228 shares of the company’s stock after purchasing an additional 3,702 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in PepsiCo were worth $2,011,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEP. Scientech Research LLC purchased a new position in shares of PepsiCo during the second quarter worth approximately $325,000. Invst LLC grew its stake in PepsiCo by 28.1% in the second quarter. Invst LLC now owns 2,870 shares of the company’s stock worth $467,000 after purchasing an additional 630 shares in the last quarter. Quarry LP increased its holdings in PepsiCo by 409.7% during the 2nd quarter. Quarry LP now owns 892 shares of the company’s stock worth $147,000 after purchasing an additional 717 shares during the period. Pathway Financial Advisers LLC raised its position in PepsiCo by 2.1% during the 2nd quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock valued at $5,692,000 after purchasing an additional 720 shares in the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of PepsiCo by 9.3% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock worth $4,235,000 after buying an additional 2,187 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $150.25 on Wednesday. The company has a 50 day moving average price of $153.81 and a 200-day moving average price of $165.28. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market cap of $206.14 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $177.00.

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.