CX Institutional lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,034 shares of the company's stock after buying an additional 2,850 shares during the quarter. CX Institutional's holdings in PepsiCo were worth $6,696,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Encompass More Asset Management grew its stake in shares of PepsiCo by 7.8% during the fourth quarter. Encompass More Asset Management now owns 2,622 shares of the company's stock worth $399,000 after buying an additional 190 shares during the last quarter. Southland Equity Partners LLC raised its holdings in shares of PepsiCo by 14.8% during the fourth quarter. Southland Equity Partners LLC now owns 13,745 shares of the company's stock valued at $2,090,000 after purchasing an additional 1,774 shares during the period. Sound Income Strategies LLC raised its holdings in shares of PepsiCo by 1.9% in the 4th quarter. Sound Income Strategies LLC now owns 5,360 shares of the company's stock worth $815,000 after acquiring an additional 101 shares during the last quarter. LexAurum Advisors LLC grew its position in PepsiCo by 14.2% in the 4th quarter. LexAurum Advisors LLC now owns 2,710 shares of the company's stock worth $412,000 after purchasing an additional 336 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC grew its position in PepsiCo by 0.4% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 63,774 shares of the company's stock worth $9,697,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PEP has been the subject of several analyst reports. Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Finally, Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $177.00.
Get Our Latest Stock Analysis on PEP
PepsiCo Stock Performance
Shares of PEP stock traded up $0.50 during mid-day trading on Friday, reaching $149.12. The stock had a trading volume of 4,508,258 shares, compared to its average volume of 6,721,734. The business's fifty day moving average is $154.07 and its 200-day moving average is $165.40. 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 firm has a market cap of $204.59 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.
PepsiCo Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is 79.94%.
About PepsiCo
(
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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