Brand Asset Management Group Inc. Has $385,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brand Asset Management Group Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,535 shares of the company’s stock after buying an additional 185 shares during the quarter. Brand Asset Management Group Inc.’s holdings in PepsiCo were worth $385,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter worth $31,000. Mattson Financial Services LLC acquired a new position in PepsiCo in the 2nd quarter worth about $34,000. Finally, Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $148.25 on Friday. The company has a 50-day moving average price of $155.37 and a two-hundred day moving average price of $165.82. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PEP shares. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $178.60.

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.