Sky Investment Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,791 shares of the company's stock after purchasing an additional 1,924 shares during the period. PepsiCo accounts for 2.1% of Sky Investment Group LLC's portfolio, making the stock its 8th largest holding. Sky Investment Group LLC's holdings in PepsiCo were worth $11,525,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC increased its holdings in PepsiCo by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock valued at $5,170,529,000 after acquiring an additional 543,558 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock valued at $3,632,413,000 after acquiring an additional 1,125,059 shares during the last quarter. Legal & General Group Plc increased its holdings in PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock valued at $2,234,400,000 after acquiring an additional 905,468 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Price Performance
PEP traded up $0.30 during midday trading on Tuesday, hitting $148.55. 7,449,832 shares of the company traded hands, compared to its average volume of 7,135,458. 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 capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business has a 50 day simple moving average of $155.05 and a two-hundred day simple moving average of $165.76.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio is currently 79.94%.
Wall Street Analyst Weigh In
PEP has been the topic of a number of research reports. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a "hold" rating to a "buy" rating and upped their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. UBS Group cut their price target on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Finally, Barclays cut their price target on shares of PepsiCo from $183.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $178.60.
Check Out Our Latest Research Report on PepsiCo
PepsiCo Company Profile
(
Free Report)
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.
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