PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,272 shares of the company’s stock after acquiring an additional 604 shares during the quarter. Plimoth Trust Co. LLC’s holdings in PepsiCo were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Ibex Wealth Advisors acquired a new position in PepsiCo in the 4th quarter worth about $217,000. Allen Capital Group LLC increased its holdings in PepsiCo by 499.7% in the fourth quarter. Allen Capital Group LLC now owns 14,160 shares of the company’s stock worth $2,153,000 after buying an additional 11,799 shares during the last quarter. Valicenti Advisory Services Inc. raised its position in PepsiCo by 7.5% during the fourth quarter. Valicenti Advisory Services Inc. now owns 49,666 shares of the company’s stock valued at $7,552,000 after acquiring an additional 3,448 shares in the last quarter. Strategic Blueprint LLC lifted its stake in PepsiCo by 2.6% in the fourth quarter. Strategic Blueprint LLC now owns 15,436 shares of the company’s stock valued at $2,347,000 after acquiring an additional 391 shares during the last quarter. Finally, Iams Wealth Management LLC increased its stake in shares of PepsiCo by 14.5% during the 4th quarter. Iams Wealth Management LLC now owns 7,669 shares of the company’s stock worth $1,166,000 after purchasing an additional 971 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $172.00 price objective on shares of PepsiCo in a research note on Wednesday. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $176.73.

PepsiCo Price Performance

Shares of PEP stock opened at $150.37 on Thursday. The company has a market capitalization of $206.31 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The stock has a 50 day moving average of $153.68 and a two-hundred day moving average of $165.17.

PepsiCo Announces Dividend

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. 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 presently 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.