PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,319 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in PepsiCo were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Sei Investments Co. grew its stake in PepsiCo by 2.8% in the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock valued at $64,186,000 after acquiring an additional 10,547 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after purchasing an additional 9,567 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of PepsiCo by 7.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company’s stock worth $56,765,000 after purchasing an additional 23,703 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in PepsiCo by 7.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company’s stock valued at $1,551,000 after buying an additional 608 shares in the last quarter. Finally, Certified Advisory Corp grew its holdings in PepsiCo by 4.0% during the 2nd quarter. Certified Advisory Corp now owns 2,117 shares of the company’s stock valued at $349,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $148.25 on Tuesday. The firm has a market capitalization of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50-day moving average of $155.37 and a two-hundred day moving average of $165.86.

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 given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $178.60.

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.