Curran Financial Partners LLC Has $241,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Curran Financial Partners LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,582 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Curran Financial Partners LLC’s holdings in PepsiCo were worth $241,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Buttonwood Financial Advisors Inc. grew its position in shares of PepsiCo by 4.8% during the 4th quarter. Buttonwood Financial Advisors Inc. now owns 7,527 shares of the company’s stock worth $1,145,000 after buying an additional 344 shares during the period. United Asset Strategies Inc. grew its holdings in PepsiCo by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 12,395 shares of the company’s stock valued at $1,885,000 after purchasing an additional 303 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of PepsiCo in the 4th quarter valued at $9,268,000. Apexium Financial LP lifted its holdings in PepsiCo by 152.6% during the fourth quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock worth $686,000 after acquiring an additional 2,702 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its holdings in PepsiCo by 0.9% during the 4th quarter. Capital Asset Advisory Services LLC now owns 26,261 shares of the company’s stock worth $3,930,000 after buying an additional 232 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $149.12 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a market cap of $204.59 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. The stock has a fifty day moving average price of $153.88 and a 200-day moving average price of $165.35.

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. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several research firms have commented on PEP. Bank of America cut their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $177.00.

PepsiCo 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.