Valicenti Advisory Services Inc. Has $7.55 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Valicenti Advisory Services Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 49,666 shares of the company’s stock after buying an additional 3,448 shares during the period. PepsiCo accounts for approximately 1.9% of Valicenti Advisory Services Inc.’s holdings, making the stock its 18th largest position. Valicenti Advisory Services Inc.’s holdings in PepsiCo were worth $7,552,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PEP. Empowered Funds LLC boosted its position in shares of PepsiCo by 9.2% in 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 last quarter. Assenagon Asset Management S.A. grew its position in shares of PepsiCo by 104.2% during the 4th 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 during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock valued at $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after acquiring an additional 34,633 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after purchasing an additional 5,220 shares during the period. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PEP. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Barclays reduced their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $177.00.

PepsiCo Trading Up 0.4 %

Shares of NASDAQ:PEP opened at $150.82 on Wednesday. The stock has a market capitalization of $206.93 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company’s 50-day moving average price is $153.68 and its two-hundred day moving average price is $165.17. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors 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 3.59%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

PepsiCo Company 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.