Butensky & Cohen Financial Security Inc. Has $2.60 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Butensky & Cohen Financial Security Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 112.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,107 shares of the company's stock after purchasing an additional 9,036 shares during the quarter. Butensky & Cohen Financial Security Inc.'s holdings in PepsiCo were worth $2,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Global Wealth Strategies & Associates increased 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 period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the third quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in 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. Finally, Mattson Financial Services LLC acquired a new position in PepsiCo in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised PepsiCo from a "hold" rating to a "buy" rating and boosted their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Hsbc Global Res upgraded PepsiCo to a "hold" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $178.60.

PepsiCo Stock Performance

Shares of PEP stock traded up $1.71 during mid-day trading on Friday, reaching $148.25. The stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. The firm has a market cap of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm's 50 day simple moving average is $155.37 and its 200 day simple moving average is $165.83.

PepsiCo Announces Dividend

The business 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. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is 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.