Kidder Stephen W Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

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Kidder Stephen W lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,217 shares of the company’s stock after selling 272 shares during the period. PepsiCo accounts for approximately 1.7% of Kidder Stephen W’s investment portfolio, making the stock its 26th biggest holding. Kidder Stephen W’s holdings in PepsiCo were worth $4,540,000 as of its most recent SEC filing.

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

NASDAQ PEP opened at $139.20 on Thursday. 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 cap of $190.83 billion, a PE ratio of 24.59, a P/E/G ratio of 3.30 and a beta of 0.53. PepsiCo, Inc. has a one year low of $107.70 and a one year high of $140.45. The firm’s fifty day moving average is $136.51 and its two-hundred day moving average is $134.57.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th were paid a dividend of $0.955 per share. The ex-dividend date was Thursday, December 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.74%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

PEP has been the subject of a number of research reports. 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. Deutsche Bank upped their price objective on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Citigroup raised their price objective on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, BidaskClub downgraded PepsiCo from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. PepsiCo has a consensus rating of “Hold” and a consensus target price of $135.53.

PepsiCo 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.

Further Reading: What does the Producer Price Index (PPI) tell investors?

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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