PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Exeter Financial LLC

Exeter Financial LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,574 shares of the company’s stock after buying an additional 1,446 shares during the quarter. PepsiCo comprises 1.9% of Exeter Financial LLC’s portfolio, making the stock its 14th largest position. Exeter Financial LLC’s holdings in PepsiCo were worth $4,193,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Grandview Asset Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $1,969,000. FNY Investment Advisers LLC acquired a new stake in PepsiCo during the fourth quarter worth about $76,000. First Financial Corp IN lifted its holdings in PepsiCo by 10.5% in the fourth quarter. First Financial Corp IN now owns 3,321 shares of the company’s stock worth $505,000 after acquiring an additional 315 shares during the last quarter. Marion Wealth Management grew its holdings in shares of PepsiCo by 3.5% during the fourth quarter. Marion Wealth Management now owns 9,282 shares of the company’s stock valued at $1,411,000 after purchasing an additional 313 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in shares of PepsiCo by 212.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 43,245 shares of the company’s stock worth $6,576,000 after purchasing an additional 29,416 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Barclays reduced their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Stock Up 1.3 %

PEP opened at $144.50 on Tuesday. The stock’s fifty day moving average is $156.92 and its 200-day moving average is $166.35. The company has a market capitalization of $198.25 billion, a PE ratio of 21.31, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders 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 annualized dividend and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) 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.