PepsiCo, Inc. $PEP Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 56.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,447 shares of the company’s stock after purchasing an additional 8,774 shares during the period. Ritholtz Wealth Management’s holdings in PepsiCo were worth $3,433,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP acquired a new position in PepsiCo during the first quarter worth $251,000. Balefire LLC purchased a new stake in PepsiCo during the second quarter worth $322,000. Sivia Capital Partners LLC grew its holdings in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after purchasing an additional 3,790 shares during the last quarter. Finally, Focus Financial Network Inc. raised its stake in shares of PepsiCo by 1.1% during the 2nd quarter. Focus Financial Network Inc. now owns 11,962 shares of the company’s stock worth $1,579,000 after buying an additional 135 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Rothschild & Co Redburn lifted their price objective on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research report on Monday, December 15th. UBS Group lowered their target price on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, BNP Paribas raised PepsiCo from a “neutral” rating to an “outperform” rating and set a $179.00 price target for the company in a report on Friday. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.32.

PepsiCo Price Performance

PEP stock opened at $146.32 on Friday. The stock has a market capitalization of $200.07 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.42. The stock’s fifty day simple moving average is $145.62 and its 200-day simple moving average is $144.61. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is 108.17%.

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.