First Financial Corp IN Has $505,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

First Financial Corp IN raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,321 shares of the company’s stock after purchasing an additional 315 shares during the quarter. First Financial Corp IN’s holdings in PepsiCo were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PEP. Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter worth $31,000. Mattson Financial Services LLC purchased a new position in PepsiCo in the second quarter worth $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.3 %

PEP opened at $144.50 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market capitalization of $198.25 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a fifty day moving average price of $156.92 and a 200-day moving average price of $166.35.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and upped their price target for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $180.64.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.