PepsiCo, Inc. $PEP Holdings Raised by National Pension Service

National Pension Service increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,066,888 shares of the company’s stock after purchasing an additional 80,153 shares during the period. National Pension Service’s holdings in PepsiCo were worth $430,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Three Bridge Wealth Advisors LLC boosted its stake in PepsiCo by 1.8% in the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after acquiring an additional 68 shares during the period. JSF Financial LLC raised its position in shares of PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the period. Facet Wealth Inc. lifted its holdings in shares of PepsiCo by 3.2% in the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares during the last quarter. Hudock Inc. boosted its position in PepsiCo by 1.0% during the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after purchasing an additional 70 shares during the period. Finally, Binnacle Investments Inc increased its position in PepsiCo by 33.2% in the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 3.3%

PepsiCo stock opened at $153.63 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The stock has a market capitalization of $210.06 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42. The firm has a 50 day simple moving average of $145.94 and a 200-day simple moving average of $145.45. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s payout ratio is currently 108.17%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $151.00 to $164.00 in a report on Wednesday, December 10th. BNP Paribas Exane raised shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price for the company in a research note on Friday, January 16th. UBS Group dropped their price target on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $159.29.

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.