Crews Bank & Trust Invests $1.41 Million in PepsiCo, Inc. (NASDAQ:PEP)

Crews Bank & Trust bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,300 shares of the company's stock, valued at approximately $1,414,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC increased its holdings in PepsiCo by 0.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,405,977 shares of the company's stock worth $231,888,000 after purchasing an additional 9,951 shares during the last quarter. RiverFront Investment Group LLC raised its holdings in PepsiCo by 9.1% in the second quarter. RiverFront Investment Group LLC now owns 3,485 shares of the company's stock valued at $575,000 after acquiring an additional 290 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in PepsiCo during the 2nd quarter valued at $141,000. Centennial Bank AR grew its holdings in PepsiCo by 1.7% during the 2nd quarter. Centennial Bank AR now owns 5,086 shares of the company's stock worth $838,000 after acquiring an additional 83 shares in the last quarter. Finally, Creekside Partners acquired a new stake in shares of PepsiCo in the 2nd quarter valued at about $588,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their target price on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Finally, Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $176.73.

PepsiCo Stock Up 1.0 %

Shares of NASDAQ:PEP traded up $1.53 during trading on Thursday, hitting $151.90. 4,669,253 shares of the company's stock traded hands, compared to its average volume of 6,660,370. The company has a 50-day moving average price of $153.51 and a 200-day moving average price of $165.07. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $208.41 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio is 79.94%.

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.