Fourth Dimension Wealth LLC Takes $95,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Fourth Dimension Wealth LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 628 shares of the company’s stock, valued at approximately $95,000.

A number of other hedge funds also recently bought and sold shares of PEP. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $224,000. Trust Co. of Oklahoma boosted its stake in PepsiCo by 2.9% in the 4th quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock worth $4,299,000 after purchasing an additional 799 shares during the period. Red Door Wealth Management LLC boosted its stake in PepsiCo by 7.8% in the 4th quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock worth $5,388,000 after purchasing an additional 2,568 shares during the period. Secure Asset Management LLC boosted its position in shares of PepsiCo by 31.8% during the 4th quarter. Secure Asset Management LLC now owns 3,546 shares of the company’s stock valued at $539,000 after acquiring an additional 855 shares during the last quarter. Finally, Apeiron RIA LLC boosted its position in shares of PepsiCo by 25.8% during the 4th quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock valued at $802,000 after acquiring an additional 1,082 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PEP. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $129.34 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $177.34 billion, a PE ratio of 18.61, a P/E/G ratio of 3.09 and a beta of 0.47. The business has a 50-day simple moving average of $139.53 and a two-hundred day simple moving average of $148.42. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.40%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.