GSG Advisors LLC Has $373,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

GSG Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,454 shares of the company’s stock after selling 313 shares during the quarter. GSG Advisors LLC’s holdings in PepsiCo were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PEP. Thompson Siegel & Walmsley LLC grew its position in PepsiCo by 22.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 63,476 shares of the company’s stock worth $10,469,000 after buying an additional 11,525 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in PepsiCo by 3.1% during the second quarter. Brown Brothers Harriman & Co. now owns 186,803 shares of the company’s stock worth $30,809,000 after buying an additional 5,682 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in PepsiCo in the 2nd quarter valued at about $213,000. Abound Wealth Management raised its position in shares of PepsiCo by 40.2% in the 2nd quarter. Abound Wealth Management now owns 593 shares of the company’s stock valued at $98,000 after buying an additional 170 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in PepsiCo by 11.0% during the second quarter. Capital Wealth Planning LLC now owns 4,595 shares of the company’s stock worth $758,000 after purchasing an additional 456 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.3 %

NASDAQ PEP opened at $144.50 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $198.25 billion, a P/E ratio of 21.31, a PEG ratio of 2.94 and a beta of 0.54. The business has a fifty day simple moving average of $156.92 and a 200 day simple moving average of $166.35. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and lifted their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $180.64.

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.