PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Albion Financial Group UT

Albion Financial Group UT raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,108 shares of the company’s stock after buying an additional 239 shares during the quarter. Albion Financial Group UT’s holdings in PepsiCo were worth $5,947,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock worth $20,040,000 after purchasing an additional 9,567 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its position in PepsiCo by 41.3% in the 2nd quarter. Wescott Financial Advisory Group LLC now owns 2,475 shares of the company’s stock worth $408,000 after buying an additional 724 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of PepsiCo by 5.6% during the 2nd quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock valued at $8,220,000 after buying an additional 2,651 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $223,000. Finally, Alley Investment Management Company LLC raised its holdings in shares of PepsiCo by 0.8% during the second quarter. Alley Investment Management Company LLC now owns 68,863 shares of the company’s stock worth $11,358,000 after acquiring an additional 548 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.3 %

Shares of PepsiCo stock opened at $148.09 on Thursday. The company has a market cap of $203.18 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.75 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company’s fifty day simple moving average is $154.74 and its 200-day simple moving average is $165.64. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada dropped their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $178.20.

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.