DMC Group LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

DMC Group LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,227 shares of the company’s stock after acquiring an additional 272 shares during the quarter. DMC Group LLC’s holdings in PepsiCo were worth $339,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Empowered Funds LLC increased its holdings in PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares during the period. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after buying an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after buying an additional 4,712 shares during the period. Janus Henderson Group PLC lifted its stake in PepsiCo by 11.0% in the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after acquiring an additional 34,633 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of PepsiCo by 19.3% during the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after purchasing an additional 5,220 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PEP. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target on the stock. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays lowered their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One 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.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $176.73.

PepsiCo Stock Up 0.1 %

Shares of PepsiCo stock opened at $150.37 on Thursday. The company has a market cap of $206.31 billion, a P/E ratio of 22.18, a PEG ratio of 2.86 and a beta of 0.54. The firm has a fifty day moving average of $153.68 and a two-hundred day moving average of $165.17. 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, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.60%. 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.