Financial Strategies Group Inc. Has $6.04 Million Holdings in PepsiCo, Inc. $PEP

Financial Strategies Group Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,070 shares of the company’s stock after selling 4,748 shares during the quarter. PepsiCo comprises approximately 1.2% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 28th biggest holding. Financial Strategies Group Inc.’s holdings in PepsiCo were worth $6,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JCIC Asset Management Inc. acquired a new position in PepsiCo in the third quarter valued at about $27,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC raised its position in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC boosted its stake in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PEP shares. Bank of America lifted their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Rothschild & Co Redburn increased their price target on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday, December 15th. UBS Group cut their price objective on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Finally, Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $159.29.

PepsiCo Price Performance

NASDAQ PEP opened at $153.63 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The firm’s 50 day moving average is $145.94 and its 200-day moving average is $145.53. The company has a market capitalization of $210.06 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.