PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,253 shares of the company’s stock after acquiring an additional 1,003 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PepsiCo were worth $27,262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of PepsiCo by 100.8% during the third quarter. Nordea Investment Management AB now owns 14,442,816 shares of the company’s stock worth $2,202,097,000 after acquiring an additional 7,251,806 shares during the last quarter. Lincoln National Corp increased its holdings in PepsiCo by 7.5% in the second quarter. Lincoln National Corp now owns 25,712 shares of the company’s stock valued at $3,810,000 after buying an additional 1,786 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in PepsiCo by 10.9% in the third quarter. NN Investment Partners Holdings N.V. now owns 623,410 shares of the company’s stock valued at $93,768,000 after buying an additional 61,230 shares during the last quarter. Transcend Wealth Collective LLC increased its holdings in PepsiCo by 41.9% in the second quarter. Transcend Wealth Collective LLC now owns 26,470 shares of the company’s stock valued at $3,926,000 after buying an additional 7,822 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its holdings in PepsiCo by 11.2% in the second quarter. Berkshire Asset Management LLC PA now owns 145,874 shares of the company’s stock valued at $21,614,000 after buying an additional 14,712 shares during the last quarter. 70.76% of the stock is currently owned by institutional investors and hedge funds.

In other PepsiCo news, CFO Hugh F. Johnston sold 37,266 shares of the company’s stock in a transaction that occurred on Thursday, October 21st. The stock was sold at an average price of $160.30, for a total value of $5,973,739.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Several analysts recently weighed in on PEP shares. Argus boosted their price objective on PepsiCo from $180.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. UBS Group upped their target price on PepsiCo from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 6th. Barclays upped their target price on PepsiCo from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 7th. Finally, Guggenheim upped their target price on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $165.00.

PEP traded up $1.33 during trading on Friday, reaching $175.51. The stock had a trading volume of 75,845 shares, compared to its average volume of 5,229,122. The firm has a market capitalization of $242.67 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 3.05 and a beta of 0.65. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.32. PepsiCo, Inc. has a 1-year low of $128.32 and a 1-year high of $175.84. The stock has a 50 day moving average of $167.74 and a two-hundred day moving average of $159.76.

The company also recently announced a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Friday, December 3rd were given a $1.075 dividend. The ex-dividend date was Thursday, December 2nd. This represents a $4.30 dividend on an annualized basis and a yield of 2.45%. PepsiCo’s dividend payout ratio (DPR) is 73.25%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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