Verity & Verity LLC Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Verity & Verity LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,412 shares of the company's stock after purchasing an additional 3,028 shares during the quarter. Verity & Verity LLC's holdings in PepsiCo were worth $9,794,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in PepsiCo during the second quarter worth about $1,707,000. Brighton Jones LLC boosted its holdings 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 in the last quarter. Ieq Capital LLC boosted its stake in PepsiCo by 5.9% in the second quarter. Ieq Capital LLC now owns 105,460 shares of the company's stock valued at $17,394,000 after buying an additional 5,863 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of PepsiCo by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company's stock valued at $17,604,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position 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 in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 1.2 %

PepsiCo stock traded up $1.71 during midday 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 current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a fifty day moving average price of $155.37 and a two-hundred day moving average price of $165.82. The company has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Morgan Stanley downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Finally, Redburn Atlantic upgraded PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $178.60.

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.