PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by Professional Advisory Services Inc.

Professional Advisory Services Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,239 shares of the company's stock after buying an additional 14,263 shares during the period. PepsiCo makes up about 3.4% of Professional Advisory Services Inc.'s holdings, making the stock its 10th largest holding. Professional Advisory Services Inc.'s holdings in PepsiCo were worth $24,974,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PEP. Global Wealth Strategies & Associates raised its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $31,000. Mattson Financial Services LLC purchased a new position in shares of PepsiCo in the second quarter valued at about $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after acquiring an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 1.2 %

NASDAQ PEP traded up $1.71 during mid-day trading on Friday, reaching $148.25. The stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. The company has a fifty day moving average price of $155.37 and a 200 day moving average price of $165.83. 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, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a market cap of $203.40 billion, a PE 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. Stockholders 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 dividend yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo's payout ratio is currently 79.94%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a report on Friday, October 4th. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised PepsiCo from a "hold" rating to a "buy" rating and raised their price target for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Finally, Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $178.60.

About PepsiCo

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.