PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Guinness Asset Management LTD

Guinness Asset Management LTD grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,236,788 shares of the company's stock after acquiring an additional 61,541 shares during the period. PepsiCo comprises approximately 3.5% of Guinness Asset Management LTD's investment portfolio, making the stock its 16th biggest position. Guinness Asset Management LTD owned approximately 0.09% of PepsiCo worth $188,031,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Empowered Funds LLC raised its position in 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 acquiring an additional 8,406 shares during the period. Assenagon Asset Management S.A. boosted its holdings in 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 buying an additional 870,451 shares during the last quarter. Janus Henderson Group PLC increased its stake in PepsiCo by 11.0% during the 3rd 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 lifted its position in shares of PepsiCo by 12.8% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of PepsiCo by 19.3% during the third 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 currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.2 %

NASDAQ:PEP traded up $1.71 on Monday, reaching $148.25. 7,213,692 shares of the company's stock were exchanged, compared to its average volume of 5,895,834. The business has a fifty day moving average of $155.37 and a 200-day moving average of $165.86. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market capitalization 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 firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo's dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PEP shares. Royal Bank of Canada lowered 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. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $178.60.

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.