AMI Investment Management Inc. Has $1.02 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

AMI Investment Management Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,684 shares of the company's stock after selling 5,564 shares during the quarter. AMI Investment Management Inc.'s holdings in PepsiCo were worth $1,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after buying an additional 59 shares during the last quarter. Cross Staff Investments Inc boosted its holdings in PepsiCo by 0.9% during the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company's stock valued at $1,204,000 after acquiring an additional 60 shares during the period. Paulson Wealth Management Inc. grew its position in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock valued at $508,000 after purchasing an additional 60 shares during the last quarter. LCM Capital Management Inc increased its stake in shares of PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company's stock worth $1,288,000 after purchasing an additional 62 shares during the period. Finally, Demars Financial Group LLC boosted its stake in PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company's stock valued at $973,000 after purchasing an additional 62 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Hsbc Global Res raised PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Royal Bank of Canada cut their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $178.60.

PepsiCo Price Performance

NASDAQ:PEP traded up $1.71 during trading hours on Monday, reaching $148.25. The company had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. PepsiCo, Inc. has a one year low of $141.51 and a one year 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 stock has a 50-day moving average of $155.37 and a two-hundred day moving average of $165.86. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given 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 3.66%. PepsiCo's dividend payout ratio (DPR) is presently 79.94%.

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.