PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Bennett Associates Wealth Management

Bennett Associates Wealth Management grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the company’s stock after acquiring an additional 164 shares during the quarter. PepsiCo comprises 0.4% of Bennett Associates Wealth Management’s portfolio, making the stock its 29th biggest position. Bennett Associates Wealth Management’s holdings in PepsiCo were worth $431,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Edgestream Partners L.P. grew its stake in shares of PepsiCo by 190.5% in the second quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock valued at $2,206,000 after buying an additional 8,772 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of PepsiCo by 2.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 231,170 shares of the company’s stock worth $38,127,000 after purchasing an additional 4,912 shares in the last quarter. Paces Ferry Wealth Advisors LLC grew its holdings in PepsiCo by 17.9% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,506 shares of the company’s stock valued at $248,000 after purchasing an additional 229 shares in the last quarter. Altrius Capital Management Inc lifted its holdings in PepsiCo by 2.2% in the 2nd quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock worth $3,903,000 after buying an additional 504 shares in the last quarter. Finally, Miramar Capital LLC boosted its position in PepsiCo by 12.6% in the 2nd quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock valued at $19,641,000 after buying an additional 13,326 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. decreased 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, Wells Fargo & Company cut their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One equities 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $180.27.

PepsiCo Stock Up 1.2 %

PepsiCo stock opened at $146.58 on Friday. The firm has a market capitalization of $201.11 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a 50-day simple moving average of $156.06 and a 200-day simple moving average of $166.05. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo’s dividend payout ratio (DPR) is presently 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.