Spring Capital Management LLC Buys 1,795 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Spring Capital Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,660 shares of the company's stock after purchasing an additional 1,795 shares during the quarter. PepsiCo makes up 2.4% of Spring Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. Spring Capital Management LLC's holdings in PepsiCo were worth $4,054,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEP. XTX Topco Ltd bought a new stake in PepsiCo during the second quarter valued at $1,707,000. Brighton Jones LLC lifted its stake in shares of PepsiCo by 6.3% in the 2nd quarter. Brighton Jones LLC now owns 27,806 shares of the company's stock valued at $4,586,000 after purchasing an additional 1,655 shares during the period. Ieq Capital LLC boosted its position in shares of PepsiCo by 5.9% during the 2nd quarter. Ieq Capital LLC now owns 105,460 shares of the company's stock valued at $17,394,000 after purchasing an additional 5,863 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in PepsiCo by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company's stock worth $17,604,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in PepsiCo by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company's stock valued at $549,861,000 after buying an additional 17,800 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PEP shares. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Hsbc Global Res raised PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Finally, Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $178.60.

PepsiCo Stock Up 1.2 %

Shares of PEP stock traded up $1.71 on Friday, hitting $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 debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50 day moving average of $155.37 and a 200 day moving average of $165.82. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock 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 given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo's dividend payout ratio is currently 79.94%.

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.