Tudor Financial Inc. Has $939,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Tudor Financial Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 69.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,179 shares of the company's stock after purchasing an additional 2,538 shares during the period. Tudor Financial Inc.'s holdings in PepsiCo were worth $939,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of PepsiCo by 2.8% in the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company's stock worth $64,186,000 after purchasing an additional 10,547 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of PepsiCo by 8.5% during the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company's stock valued at $20,040,000 after acquiring an additional 9,567 shares during the period. Epoch Investment Partners Inc. grew its position in shares of PepsiCo by 7.4% during the second quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company's stock worth $56,765,000 after acquiring an additional 23,703 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PepsiCo by 7.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company's stock worth $1,551,000 after acquiring an additional 608 shares during the period. Finally, Certified Advisory Corp lifted its position in PepsiCo by 4.0% in the 2nd quarter. Certified Advisory Corp now owns 2,117 shares of the company's stock valued at $349,000 after purchasing an additional 82 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a "hold" rating to a "buy" rating and raised their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $178.60.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $0.30 during mid-day trading on Tuesday, reaching $148.55. The company had a trading volume of 7,453,464 shares, compared to its average volume of 7,138,204. 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 $203.81 billion, a PE ratio of 21.91, a P/E/G ratio of 2.74 and a beta of 0.54. 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 50-day moving average price of $155.05 and a two-hundred day moving average price of $165.76.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio is presently 79.94%.

PepsiCo 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.