Flywheel Private Wealth LLC Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Flywheel Private Wealth LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,720 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter worth about $31,000. Mattson Financial Services LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $34,000. Finally, Rakuten Securities Inc. grew its position 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 purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $144.78 on Thursday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a market cap of $198.64 billion, a PE ratio of 21.35, a PEG ratio of 2.57 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm’s fifty day moving average price is $156.46 and its two-hundred day moving average price is $166.20.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued 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 3.74%. PepsiCo’s payout ratio is presently 79.94%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen reduced their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $180.64.

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.