SOL Capital Management CO Has $558,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

SOL Capital Management CO decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,667 shares of the company’s stock after selling 742 shares during the quarter. SOL Capital Management CO’s holdings in PepsiCo were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crews Bank & Trust acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $1,414,000. Capital Investment Advisory Services LLC boosted its position in PepsiCo by 2.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 9,310 shares of the company’s stock worth $1,416,000 after purchasing an additional 182 shares during the period. Westhampton Capital LLC raised its position in shares of PepsiCo by 0.6% in the fourth quarter. Westhampton Capital LLC now owns 28,052 shares of the company’s stock valued at $4,266,000 after purchasing an additional 160 shares during the period. Lawson Kroeker Investment Management Inc. NE boosted its holdings in shares of PepsiCo by 14.8% during the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 16,541 shares of the company’s stock worth $2,515,000 after buying an additional 2,134 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its holdings in PepsiCo by 1.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 17,965 shares of the company’s stock valued at $2,732,000 after acquiring an additional 298 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.69 on Friday. The stock has a market cap of $206.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a fifty day moving average of $153.35 and a 200-day moving average of $164.97. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $172.00 target price on shares of PepsiCo in a research report on Wednesday. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $176.73.

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.