Clarius Group LLC Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Clarius Group LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,092 shares of the company's stock after acquiring an additional 2,521 shares during the quarter. Clarius Group LLC's holdings in PepsiCo were worth $1,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in PepsiCo by 14.1% during the 2nd quarter. Pacer Advisors Inc. now owns 201,035 shares of the company's stock valued at $33,157,000 after acquiring an additional 24,835 shares in the last quarter. Sei Investments Co. boosted its position in shares of PepsiCo by 2.8% during the second quarter. Sei Investments Co. now owns 389,241 shares of the company's stock worth $64,186,000 after buying an additional 10,547 shares during the period. Boston Research & Management Inc. grew its position in PepsiCo by 2.3% in the 2nd quarter. Boston Research & Management Inc. now owns 32,468 shares of the company's stock valued at $5,355,000 after acquiring an additional 721 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in PepsiCo by 8.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company's stock worth $20,040,000 after buying an additional 9,567 shares during the period. Finally, Capstone Triton Financial Group LLC raised its stake in shares of PepsiCo by 2.6% in the second quarter. Capstone Triton Financial Group LLC now owns 5,780 shares of the company's stock valued at $953,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.2 %

NASDAQ PEP traded up $1.71 during mid-day trading on Friday, reaching $148.25. 7,213,692 shares of the stock were exchanged, compared to its average volume of 5,895,834. The stock 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. 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 1-year low of $141.51 and a 1-year high of $183.41. The business's fifty day simple moving average is $155.37 and its 200 day simple moving average is $165.86.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo's dividend payout ratio is presently 79.94%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PEP shares. Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday. Royal Bank of Canada reduced 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $178.60.

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.