Raleigh Capital Management Inc. Has $1.59 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Raleigh Capital Management Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,466 shares of the company’s stock after purchasing an additional 3,131 shares during the quarter. Raleigh Capital Management Inc.’s holdings in PepsiCo were worth $1,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. D.B. Root & Company LLC boosted its stake in shares of PepsiCo by 1.7% during the 4th quarter. D.B. Root & Company LLC now owns 4,679 shares of the company’s stock worth $711,000 after acquiring an additional 76 shares during the period. Mutual Advisors LLC raised its position in shares of PepsiCo by 26.4% in the fourth quarter. Mutual Advisors LLC now owns 34,476 shares of the company’s stock valued at $5,052,000 after purchasing an additional 7,210 shares during the period. True North Advisors LLC lifted its stake in shares of PepsiCo by 8.1% during the 4th quarter. True North Advisors LLC now owns 5,083 shares of the company’s stock worth $773,000 after buying an additional 379 shares during the last quarter. Wesbanco Bank Inc. grew its stake in PepsiCo by 3.3% in the 4th quarter. Wesbanco Bank Inc. now owns 157,700 shares of the company’s stock valued at $23,980,000 after buying an additional 5,015 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in PepsiCo by 10.8% during the fourth quarter. Westside Investment Management Inc. now owns 2,505 shares of the company’s stock worth $381,000 after acquiring an additional 244 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Trading Down 0.3 %

PEP opened at $148.09 on Thursday. The company’s 50 day moving average is $154.40 and its 200-day moving average is $165.52. The company has a market cap of $203.18 billion, a P/E 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 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 company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date 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.