DORCHESTER WEALTH MANAGEMENT Co grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,635 shares of the company’s stock after purchasing an additional 115 shares during the quarter. PepsiCo comprises approximately 1.5% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 27th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in PepsiCo were worth $5,280,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Vista Private Wealth Partners. LLC acquired a new stake in shares of PepsiCo during the third quarter worth $36,000. Cordasco Financial Network boosted its position in shares of PepsiCo by 50.0% in the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 100 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of PepsiCo in the third quarter valued at about $44,000. Simon Quick Advisors LLC grew its stake in shares of PepsiCo by 53.9% in the fourth quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock valued at $46,000 after acquiring an additional 118 shares in the last quarter. Finally, Fulcrum Capital LLC grew its stake in shares of PepsiCo by 6.0% in the third quarter. Fulcrum Capital LLC now owns 49,732 shares of the company’s stock valued at $47,000 after acquiring an additional 2,834 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors.
PEP stock opened at $141.86 on Wednesday. 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 12 month low of $108.00 and a 12 month high of $142.12. The firm has a market cap of $196.98 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.40 and a beta of 0.53. The company’s 50-day moving average price is $137.14 and its two-hundred day moving average price is $134.85.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th were given a $0.955 dividend. This represents a $3.82 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, December 5th. PepsiCo’s payout ratio is presently 67.49%.
Several brokerages have weighed in on PEP. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Citigroup boosted their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, October 4th. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI reaffirmed a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Finally, Guggenheim set a $130.00 price target on shares of PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average 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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