PepsiCo, Inc. (NASDAQ:PEP) Position Cut by M. Kraus & Co

M. Kraus & Co lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,390 shares of the company’s stock after selling 280 shares during the period. PepsiCo makes up 2.5% of M. Kraus & Co’s holdings, making the stock its 18th largest position. M. Kraus & Co’s holdings in PepsiCo were worth $8,423,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. One Capital Management LLC boosted its stake in shares of PepsiCo by 51.7% during the 2nd quarter. One Capital Management LLC now owns 9,817 shares of the company’s stock worth $1,619,000 after acquiring an additional 3,344 shares in the last quarter. Luts & Greenleigh Group Inc. purchased a new stake in shares of PepsiCo during the second quarter valued at $379,000. Excalibur Management Corp boosted its position in shares of PepsiCo by 1.7% in the 2nd quarter. Excalibur Management Corp now owns 16,039 shares of the company’s stock valued at $2,645,000 after purchasing an additional 274 shares during the period. Edgestream Partners L.P. increased its stake in PepsiCo by 190.5% in the 2nd quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock worth $2,206,000 after purchasing an additional 8,772 shares in the last quarter. Finally, Conscious Wealth Investments LLC raised its holdings in PepsiCo by 1.0% during the 2nd quarter. Conscious Wealth Investments LLC now owns 13,868 shares of the company’s stock worth $2,306,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Bank of America dropped their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. 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. Finally, Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $180.64.

PepsiCo Stock Performance

PEP opened at $144.95 on Wednesday. The stock has a 50-day moving average of $156.46 and a 200-day moving average of $166.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market cap of $198.87 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

PepsiCo Company Profile

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.