McGlone Suttner Wealth Management Inc. Has $648,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

McGlone Suttner Wealth Management Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 41.3% during the 4th quarter, Holdings Channel reports. The firm owned 4,259 shares of the company’s stock after selling 2,993 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in PepsiCo were worth $648,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter worth about $31,000. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Stock Up 0.4 %

PepsiCo stock opened at $148.62 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a 50 day moving average price of $154.40 and a 200-day moving average price of $165.52. The company has a market capitalization of $203.91 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. PepsiCo’s dividend payout ratio is 79.94%.

PepsiCo 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.