Miles Capital Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,984 shares of the company’s stock after selling 301 shares during the period. Miles Capital Inc.’s holdings in PepsiCo were worth $818,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. United Asset Strategies Inc. lifted its holdings in PepsiCo by 5.6% in the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock valued at $2,093,000 after acquiring an additional 816 shares during the period. Commonwealth Equity Services LLC grew its position in shares of PepsiCo by 2.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock valued at $92,830,000 after buying an additional 16,041 shares during the last quarter. Great Lakes Advisors LLC increased its position in PepsiCo by 6.8% during the third quarter. Great Lakes Advisors LLC now owns 60,188 shares of the company’s stock worth $8,252,000 after buying an additional 3,843 shares during the period. Auxier Asset Management increased its holdings in shares of PepsiCo by 0.3% in the 2nd quarter. Auxier Asset Management now owns 109,908 shares of the company’s stock valued at $14,412,000 after acquiring an additional 375 shares during the period. Finally, Enterprise Bank & Trust Co grew its holdings in shares of PepsiCo by 7.9% during the third quarter. Enterprise Bank & Trust Co now owns 18,982 shares of the company’s stock worth $2,603,000 after buying an additional 1,389 shares during the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PEP traded down $0.01 on Tuesday, reaching $141.25. 127,344 shares of the company’s stock were exchanged, compared to its average volume of 3,513,805. The business’s 50-day moving average is $137.01 and its two-hundred day moving average is $134.81. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a fifty-two week low of $108.00 and a fifty-two week high of $141.32. The firm has a market capitalization of $196.98 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 3.40 and a beta of 0.53.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th were issued a $0.955 dividend. This represents a $3.82 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
PEP has been the subject of a number of analyst reports. Deutsche Bank increased their target price on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. BidaskClub upgraded shares of PepsiCo from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $133.00 target price (up from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $135.53.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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