Fort Washington Investment Advisors Inc. OH Has $59.61 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,044 shares of the company’s stock after purchasing an additional 62,808 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in PepsiCo were worth $59,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Transform Wealth LLC bought a new position in shares of PepsiCo in the 4th quarter worth $274,000. Clear Harbor Asset Management LLC boosted its holdings in PepsiCo by 56.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company’s stock worth $1,050,000 after buying an additional 2,487 shares during the last quarter. Charles Schwab Trust Co grew its position in shares of PepsiCo by 8.6% during the 4th quarter. Charles Schwab Trust Co now owns 8,868 shares of the company’s stock worth $1,348,000 after buying an additional 705 shares during the period. Kiley Juergens Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $1,560,000. Finally, Mitchell & Pahl Private Wealth LLC raised its position in shares of PepsiCo by 11.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 11,319 shares of the company’s stock valued at $1,721,000 after acquiring an additional 1,135 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $178.60.

PepsiCo Stock Performance

Shares of PEP opened at $148.55 on Wednesday. The stock has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a fifty day simple moving average of $155.05 and a 200 day simple moving average of $165.76. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 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.