PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Community Bank of Raymore

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Community Bank of Raymore lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,970 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Community Bank of Raymore’s holdings in PepsiCo were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Vista Private Wealth Partners. LLC acquired a new position in shares of PepsiCo during the third quarter worth $36,000. Cordasco Financial Network raised its holdings in 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 in the last quarter. 1 North Wealth Services LLC acquired a new stake in PepsiCo in the third quarter valued at $44,000. Simon Quick Advisors LLC raised its holdings in 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 raised its holdings in 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. 71.14% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Deutsche Bank upped their price target on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Evercore ISI reaffirmed a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. BidaskClub cut shares of PepsiCo from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. Credit Suisse Group upped their price target on shares of PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a report on Friday, October 4th. Finally, Citigroup upped their price target on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $135.53.

Shares of PEP opened at $139.20 on Thursday. The firm has a 50-day moving average price of $136.51 and a 200 day moving average price of $134.57. The firm has a market capitalization of $190.83 billion, a PE 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. PepsiCo, Inc. has a 52-week low of $107.70 and a 52-week high of $140.45.

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

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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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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