Hengehold Capital Management LLC Has $3.18 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Hengehold Capital Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,880 shares of the company’s stock after acquiring an additional 322 shares during the period. Hengehold Capital Management LLC’s holdings in PepsiCo were worth $3,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Apeiron RIA LLC grew its stake in PepsiCo by 25.8% in the fourth quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock valued at $802,000 after purchasing an additional 1,082 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of PepsiCo by 31.8% during the 4th quarter. Secure Asset Management LLC now owns 3,546 shares of the company’s stock valued at $539,000 after buying an additional 855 shares during the last quarter. Red Door Wealth Management LLC increased its holdings in PepsiCo by 7.8% in the fourth quarter. Red Door Wealth Management LLC now owns 35,436 shares of the company’s stock worth $5,388,000 after buying an additional 2,568 shares during the last quarter. Trust Co. of Oklahoma raised its position in PepsiCo by 2.9% during the fourth quarter. Trust Co. of Oklahoma now owns 28,269 shares of the company’s stock valued at $4,299,000 after acquiring an additional 799 shares in the last quarter. Finally, Peterson Wealth Advisors LLC lifted its stake in PepsiCo by 16.4% in the fourth quarter. Peterson Wealth Advisors LLC now owns 1,395 shares of the company’s stock valued at $209,000 after acquiring an additional 197 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.4 %

Shares of PepsiCo stock opened at $148.62 on Friday. The company’s fifty day moving average price is $154.40 and its two-hundred day moving average price is $165.52. The firm has a market capitalization of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. 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 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 dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $178.20.

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.