New England Professional Planning Group Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,201 shares of the company’s stock, valued at approximately $1,123,000. PepsiCo accounts for about 0.9% of New England Professional Planning Group Inc.’s investment portfolio, making the stock its 10th largest holding.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bernardo Wealth Planning LLC grew its stake in PepsiCo by 4.6% in the second quarter. Bernardo Wealth Planning LLC now owns 5,425 shares of the company’s stock valued at $711,000 after acquiring an additional 238 shares during the period. Circle Wealth Management LLC increased its holdings in shares of PepsiCo by 44.1% in the second quarter. Circle Wealth Management LLC now owns 3,326 shares of the company’s stock worth $436,000 after acquiring an additional 1,018 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of PepsiCo by 115.4% during the second quarter. Gladstone Institutional Advisory LLC now owns 3,937 shares of the company’s stock worth $516,000 after purchasing an additional 2,109 shares during the period. First Foundation Advisors raised its position in shares of PepsiCo by 1.6% during the second quarter. First Foundation Advisors now owns 10,667 shares of the company’s stock worth $1,399,000 after purchasing an additional 166 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of PepsiCo by 19.0% during the 2nd quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after purchasing an additional 864 shares in the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.
PepsiCo stock opened at $139.20 on Thursday. The company has a market cap of $190.83 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $107.70 and a 1-year high of $140.45. The company has a fifty day simple moving average of $136.51 and a 200 day simple moving average of $134.57. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 6th were paid a $0.955 dividend. The ex-dividend date was Thursday, December 5th. This represents a $3.82 annualized dividend and a yield of 2.74%. PepsiCo’s payout ratio is currently 67.49%.
Several brokerages recently issued reports on PEP. ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group upped their target price on shares of PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 target price on shares of PepsiCo and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Finally, Citigroup lifted their price target on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.53.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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