PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 212.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,101 shares of the company's stock after acquiring an additional 8,222 shares during the quarter. Integrated Investment Consultants LLC's holdings in PepsiCo were worth $1,840,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research firms have issued reports on PEP. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Wells Fargo & Company lowered their price target 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 on the stock in a research note on Thursday. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Finally, Morgan Stanley cut PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target for the company. in a report on Friday, September 20th. One investment 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 data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $178.60.

PepsiCo Stock Up 1.2 %

Shares of PepsiCo stock traded up $1.71 during trading on Friday, reaching $148.25. The company had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. 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 fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm's fifty day moving average is $155.37 and its 200-day moving average is $165.82. The company has a market cap of $203.40 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo's dividend payout ratio 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.