PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,618 shares of the company’s stock after selling 366 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in PepsiCo were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of PepsiCo in the 2nd quarter valued at $1,707,000. Brighton Jones LLC increased its stake in PepsiCo by 6.3% in the second quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock valued at $4,586,000 after purchasing an additional 1,655 shares during the period. Ieq Capital LLC raised its holdings in shares of PepsiCo by 5.9% in the second quarter. Ieq Capital LLC now owns 105,460 shares of the company’s stock valued at $17,394,000 after buying an additional 5,863 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of PepsiCo by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company’s stock worth $17,604,000 after buying an additional 7,620 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of PepsiCo by 0.5% during the second quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company’s stock worth $549,861,000 after buying an additional 17,800 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PEP shares. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $178.60.

PepsiCo Trading Up 1.2 %

NASDAQ:PEP opened at $148.25 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $155.37 and a 200-day simple moving average of $165.82. The company has a market capitalization of $203.40 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

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 dividend yield of 3.66%. The ex-dividend date 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.