Daiwa Securities Group Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,366 shares of the company’s stock after acquiring an additional 17,600 shares during the period. Daiwa Securities Group Inc.’s holdings in PepsiCo were worth $57,461,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ted Buchan & Co grew its position in PepsiCo by 1.0% in the 4th quarter. Ted Buchan & Co now owns 8,926 shares of the company’s stock worth $1,281,000 after purchasing an additional 88 shares during the period. Sittner & Nelson LLC grew its position in PepsiCo by 7.0% in the 4th quarter. Sittner & Nelson LLC now owns 1,449 shares of the company’s stock worth $208,000 after purchasing an additional 95 shares during the period. Platform Wealth Management LLC bought a new stake in PepsiCo in the 4th quarter worth approximately $2,009,000. Intellectus Partners LLC grew its position in PepsiCo by 10.0% in the 4th quarter. Intellectus Partners LLC now owns 14,313 shares of the company’s stock worth $2,074,000 after purchasing an additional 1,298 shares during the period. Finally, Sivia Capital Partners LLC grew its position in PepsiCo by 53.9% in the 4th quarter. Sivia Capital Partners LLC now owns 16,363 shares of the company’s stock worth $2,348,000 after purchasing an additional 5,734 shares during the period. Institutional investors own 73.07% of the company’s stock.
PepsiCo Trading Down 0.3%
Shares of PepsiCo stock opened at $142.15 on Friday. The company’s fifty day simple moving average is $152.40 and its 200-day simple moving average is $152.58. The stock has a market capitalization of $194.29 billion, a PE ratio of 22.32, a P/E/G ratio of 2.58 and a beta of 0.35. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.
PepsiCo Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is presently 92.94%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PEP shares. BNP Paribas Exane lifted their target price on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Piper Sandler lifted their target price on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $170.11.
PepsiCo Profile
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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