Pacific Wealth Strategies Group Inc. Has $939,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)


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Pacific Wealth Strategies Group Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,516 shares of the company’s stock after buying an additional 91 shares during the quarter. Pacific Wealth Strategies Group Inc.’s holdings in PepsiCo were worth $939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Private Wealth LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $34,000. Baron Financial Group LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $35,000. Chiron Capital Management LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $43,000. Adams Wealth Management bought a new stake in PepsiCo in the 3rd quarter valued at $44,000. Finally, Ellevest Inc. raised its stake in PepsiCo by 25.1% in the 3rd quarter. Ellevest Inc. now owns 459 shares of the company’s stock valued at $64,000 after acquiring an additional 92 shares during the period. 70.16% of the stock is owned by institutional investors.

Shares of NASDAQ PEP opened at $142.59 on Thursday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $148.77. The stock has a market capitalization of $197.05 billion, a P/E ratio of 28.24, a PEG ratio of 3.90 and a beta of 0.57. The stock’s fifty day moving average is $145.14 and its 200 day moving average is $139.24.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 7th. Investors of record on Friday, December 4th were given a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, December 3rd. PepsiCo’s payout ratio is currently 73.96%.

In related news, CEO Kirk Tanner sold 12,500 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $136.81, for a total value of $1,710,125.00. Following the transaction, the chief executive officer now owns 95,645 shares in the company, valued at $13,085,192.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on PEP. Royal Bank of Canada cut PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research note on Monday, January 4th. They noted that the move was a valuation call. Morgan Stanley increased their price target on PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Truist increased their price target on PepsiCo from $130.00 to $135.00 in a research note on Friday, October 2nd. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, January 7th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $148.00 to $169.00 in a research note on Monday, October 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $144.88.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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