Altrius Capital Management Inc boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,821 shares of the company’s stock after buying an additional 179 shares during the period. Altrius Capital Management Inc’s holdings in PepsiCo were worth $3,486,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of PEP. Mirae Asset Global Investments Co. Ltd. boosted its stake in PepsiCo by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after buying an additional 286,169 shares in the last quarter. AMI Investment Management Inc. boosted its position in shares of PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after acquiring an additional 113 shares in the last quarter. Mather Group LLC. raised its position in PepsiCo by 29.3% in the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after purchasing an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC lifted its stake in PepsiCo by 117.2% during the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after purchasing an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. grew its stake in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after purchasing an additional 2,116 shares during the period. 71.40% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Trading Down 0.2 %
Shares of PEP stock traded down $0.27 on Monday, reaching $166.49. 862,077 shares of the stock were exchanged, compared to its average volume of 4,878,213. The stock has a 50 day moving average price of $167.57 and a 200 day moving average price of $178.60. The stock has a market cap of $228.90 billion, a PE ratio of 27.75, a P/E/G ratio of 2.68 and a beta of 0.57. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.71.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, November 30th. PepsiCo’s dividend payout ratio is presently 84.33%.
Wall Street Analyst Weigh In
PEP has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on PepsiCo from $188.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Evercore ISI dropped their target price on shares of PepsiCo from $195.00 to $185.00 in a research report on Tuesday, October 3rd. Wedbush reduced their price target on shares of PepsiCo from $206.00 to $195.00 and set an “outperform” rating on the stock in a research report on Monday, October 9th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, Jefferies Financial Group started coverage on PepsiCo in a report on Monday, November 13th. They issued a “buy” rating and a $203.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.57.
Insider Buying and Selling at PepsiCo
In other PepsiCo news, CFO Hugh F. Johnston sold 48,388 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $166.65, for a total value of $8,063,860.20. Following the transaction, the chief financial officer now owns 96,627 shares of the company’s stock, valued at $16,102,889.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.15% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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