Iams Wealth Management LLC Buys 971 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Iams Wealth Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,669 shares of the company’s stock after buying an additional 971 shares during the period. Iams Wealth Management LLC’s holdings in PepsiCo were worth $1,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the third quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. raised its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.5 %

Shares of NASDAQ:PEP opened at $150.94 on Wednesday. The company has a market capitalization of $207.09 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.86 and a beta of 0.54. The business’s 50-day moving average is $153.68 and its 200-day moving average is $165.17. 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, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $177.00.

PepsiCo Company 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.