Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,580 shares of the company’s stock after purchasing an additional 4,712 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in PepsiCo were worth $6,323,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Michael S. Ryan Inc. grew its stake in PepsiCo by 3.3% during the fourth quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock valued at $340,000 after acquiring an additional 71 shares in the last quarter. Legacy Private Trust Co. grew its holdings in PepsiCo by 73.4% during the 4th quarter. Legacy Private Trust Co. now owns 8,415 shares of the company’s stock valued at $1,280,000 after buying an additional 3,561 shares in the last quarter. Farmers Trust Co. raised its holdings in shares of PepsiCo by 0.6% during the 4th quarter. Farmers Trust Co. now owns 51,197 shares of the company’s stock worth $7,785,000 after acquiring an additional 315 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of PepsiCo by 10.0% during the 4th quarter. Douglas Lane & Associates LLC now owns 220,922 shares of the company’s stock valued at $33,593,000 after acquiring an additional 20,016 shares during the last quarter. Finally, InvesTrust purchased a new position in shares of PepsiCo in the fourth quarter valued at $6,268,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Price Performance
Shares of PEP stock opened at $146.54 on Friday. The stock has a market capitalization of $201.05 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.94 and a beta of 0.54. 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 twelve month low of $144.56 and a twelve month high of $183.41. The stock has a fifty day simple moving average of $157.81 and a two-hundred day simple moving average of $166.68.
PepsiCo Dividend Announcement
The business 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.70%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.
Analyst Ratings Changes
Several equities analysts have commented on PEP shares. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company dropped their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $180.64.
View Our Latest Stock Analysis on PEP
About PepsiCo
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.
Read More
- Five stocks we like better than PepsiCo
- Upcoming IPO Stock Lockup Period, Explained
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- What is Short Interest? How to Use It
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- What Investors Need to Know to Beat the Market
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.