PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Eldred Rock Partners LLC

Eldred Rock Partners LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 64,462 shares of the company’s stock after purchasing an additional 291 shares during the period. PepsiCo makes up approximately 3.3% of Eldred Rock Partners LLC’s holdings, making the stock its 16th largest holding. Eldred Rock Partners LLC’s holdings in PepsiCo were worth $9,793,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of PepsiCo by 14.1% in the second quarter. Pacer Advisors Inc. now owns 201,035 shares of the company’s stock worth $33,157,000 after acquiring an additional 24,835 shares during the last quarter. Sei Investments Co. boosted its stake in PepsiCo by 2.8% during the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after purchasing an additional 10,547 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of PepsiCo by 8.5% during the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock worth $20,040,000 after buying an additional 9,567 shares in the last quarter. Merriman Wealth Management LLC lifted its stake in shares of PepsiCo by 3.5% in the second quarter. Merriman Wealth Management LLC now owns 1,965 shares of the company’s stock worth $324,000 after buying an additional 66 shares in the last quarter. Finally, Kowal Investment Group LLC boosted its position in PepsiCo by 6.5% during the second quarter. Kowal Investment Group LLC now owns 8,486 shares of the company’s stock worth $1,400,000 after acquiring an additional 518 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their price target for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Barclays cut their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company dropped their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ:PEP opened at $148.25 on Monday. The firm’s 50-day moving average is $155.37 and its two-hundred day moving average is $165.86. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm 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 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 paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

PepsiCo 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.