PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 65,245 shares of the company's stock after acquiring an additional 2,521 shares during the quarter. PepsiCo accounts for about 1.6% of Culbertson A N & Co. Inc.'s portfolio, making the stock its 19th biggest holding. Culbertson A N & Co. Inc.'s holdings in PepsiCo were worth $9,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Empowered Funds LLC increased its position in shares of PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after buying an additional 870,451 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after buying an additional 34,633 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after acquiring an additional 5,220 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ PEP traded up $0.30 during midday trading on Tuesday, hitting $148.55. The company's stock had a trading volume of 7,453,464 shares, compared to its average volume of 7,138,204. 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 $155.05 and its two-hundred day simple moving average is $165.76. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

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 given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PEP shares. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research note on Friday, October 4th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Barclays reduced their price target on PepsiCo from $183.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. One investment 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.com, PepsiCo has a consensus rating of "Hold" and an average price target 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.