New England Professional Planning Group Inc. Invests $1.12 Million in PepsiCo, Inc. (NASDAQ:PEP)

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New England Professional Planning Group Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,201 shares of the company’s stock, valued at approximately $1,123,000. PepsiCo makes up 0.9% of New England Professional Planning Group Inc.’s holdings, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Gradient Investments LLC raised its holdings in shares of PepsiCo by 28.6% during the 4th quarter. Gradient Investments LLC now owns 4,374 shares of the company’s stock worth $598,000 after buying an additional 974 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its position in PepsiCo by 0.4% in the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 221,146 shares of the company’s stock valued at $30,224,000 after acquiring an additional 927 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in PepsiCo by 1.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 12,324 shares of the company’s stock valued at $1,684,000 after acquiring an additional 187 shares during the last quarter. Shulman DeMeo Asset Management LLC raised its stake in PepsiCo by 6.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 4,846 shares of the company’s stock worth $662,000 after acquiring an additional 284 shares in the last quarter. Finally, Guardian Investment Management acquired a new position in PepsiCo during the fourth quarter worth about $1,978,000. Institutional investors own 71.14% of the company’s stock.

Shares of NASDAQ:PEP opened at $139.20 on Thursday. The business has a fifty day simple moving average of $136.51 and a 200 day simple moving average of $134.57. PepsiCo, Inc. has a 12-month low of $107.70 and a 12-month high of $140.45. The firm has a market cap of $190.83 billion, a P/E ratio of 24.59, a P/E/G ratio of 3.30 and a beta of 0.53. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08.

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

A number of research firms have recently weighed in on PEP. ValuEngine downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Deutsche Bank increased 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. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 target price (up previously from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Finally, Guggenheim set a $130.00 price target on shares of PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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.

Further Reading: Buy-Side Analysts

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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