Lineweaver Wealth Advisors LLC Purchases 648 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lineweaver Wealth Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,164 shares of the company’s stock after purchasing an additional 648 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in PepsiCo were worth $1,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Paulson Wealth Management Inc. lifted its position in PepsiCo by 2.1% during the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares in the last quarter. LCM Capital Management Inc raised its stake in shares of PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after buying an additional 62 shares during the period. Demars Financial Group LLC grew its stake in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after acquiring an additional 62 shares during the period. Tcfg Wealth Management LLC increased its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares in the last quarter. Finally, BIP Wealth LLC lifted its holdings in PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock valued at $612,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target on the stock. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

PepsiCo stock opened at $151.51 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company’s 50-day moving average price is $148.56 and its 200-day moving average price is $161.80. The company has a market cap of $207.80 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

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.