PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lifted by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,527 shares of the company’s stock after acquiring an additional 1,201 shares during the period. PepsiCo makes up about 1.9% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 22nd largest position. Franklin Parlapiano Turner & Welch LLC’s holdings in PepsiCo were worth $6,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Global Wealth Strategies & Associates boosted its position in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC acquired a new stake in PepsiCo during the 2nd quarter worth about $34,000. Finally, Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $150.37 on Thursday. 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 business’s 50 day moving average is $153.68 and its two-hundred day moving average is $165.17. The company has a market cap 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. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Dividend Announcement

The company 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. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $172.00 price target on shares of PepsiCo in a report on Wednesday. Wells Fargo & Company reduced their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. One equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $176.73.

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.