Brave Asset Management Inc. Buys 551 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Brave Asset Management Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 42.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,860 shares of the company’s stock after acquiring an additional 551 shares during the period. Brave Asset Management Inc.’s holdings in PepsiCo were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Proquility Private Wealth Partners LLC grew its holdings in PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after buying an additional 57 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Darwin Wealth Management LLC grew its holdings in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares in the last quarter. Finally, Cassia Capital Partners LLC grew its holdings in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.8 %

PepsiCo stock traded up $1.44 during trading hours on Thursday, hitting $175.01. The stock had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.70 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The business’s 50 day simple moving average is $168.10 and its 200-day simple moving average is $167.99.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.89%. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays upped their price objective on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.77.

PepsiCo Company 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.