Moller Financial Services purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,233 shares of the company’s stock, valued at approximately $268,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Cibc Bank USA raised its position in PepsiCo by 3.2% in the 4th quarter. Cibc Bank USA now owns 27,869 shares of the company’s stock valued at $3,342,000 after purchasing an additional 869 shares during the last quarter. Naples Global Advisors LLC raised its position in PepsiCo by 8.2% during the 4th quarter. Naples Global Advisors LLC now owns 14,182 shares of the company’s stock worth $1,701,000 after buying an additional 1,069 shares during the last quarter. Professional Advisory Services Inc. raised its position in PepsiCo by 0.6% during the 4th quarter. Professional Advisory Services Inc. now owns 169,335 shares of the company’s stock worth $20,307,000 after buying an additional 970 shares during the last quarter. Diversified Trust Co raised its position in PepsiCo by 7.5% during the 4th quarter. Diversified Trust Co now owns 11,785 shares of the company’s stock worth $1,413,000 after buying an additional 827 shares during the last quarter. Finally, Saratoga Research & Investment Management raised its position in PepsiCo by 0.4% during the 4th quarter. Saratoga Research & Investment Management now owns 268,730 shares of the company’s stock worth $32,226,000 after buying an additional 1,165 shares during the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.
PepsiCo, Inc. (NASDAQ:PEP) opened at $113.60 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. PepsiCo, Inc. has a 12 month low of $106.19 and a 12 month high of $122.51. The firm has a market cap of $161,300.00, a price-to-earnings ratio of 22.32, a PEG ratio of 2.68 and a beta of 0.69.
PepsiCo declared that its board has authorized a share buyback program on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio (DPR) is presently 63.26%.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. SunTrust Banks cut their price objective on shares of PepsiCo from $125.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Jefferies Group restated a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a research report on Tuesday, February 13th. Finally, Susquehanna Bancshares upped their price objective on shares of PepsiCo from $137.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $123.04.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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