Cullinan Associates Inc. Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

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Cullinan Associates Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,206 shares of the company’s stock after buying an additional 660 shares during the period. Cullinan Associates Inc.’s holdings in PepsiCo were worth $1,805,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vista Private Wealth Partners. LLC purchased a new stake in PepsiCo during the 3rd quarter worth $36,000. Cordasco Financial Network increased its stake in PepsiCo by 50.0% during the 3rd quarter. Cordasco Financial Network now owns 300 shares of the company’s stock worth $41,000 after buying an additional 100 shares during the period. 1 North Wealth Services LLC purchased a new stake in PepsiCo during the 3rd quarter worth $44,000. Simon Quick Advisors LLC increased its stake in PepsiCo by 53.9% during the 4th quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock worth $46,000 after buying an additional 118 shares during the period. Finally, Nvwm LLC increased its stake in PepsiCo by 750.0% during the 3rd quarter. Nvwm LLC now owns 425 shares of the company’s stock worth $58,000 after buying an additional 375 shares during the period. 71.14% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ PEP opened at $139.20 on Thursday. PepsiCo, Inc. has a one year low of $107.70 and a one year high of $140.45. The company has a 50-day simple moving average of $136.51 and a 200-day simple moving average of $134.57. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm has a market capitalization of $190.83 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 3.30 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 2.74%. The ex-dividend date was Thursday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Citigroup raised their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Two 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 currently has a consensus rating of “Hold” and a consensus price target 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.

Featured Article: Balance Sheet

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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