PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 50.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,726 shares of the company’s stock after selling 3,852 shares during the period. InTrack Investment Management Inc’s holdings in PepsiCo were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PEP. XTX Topco Ltd purchased a new stake in shares of PepsiCo during the second quarter worth approximately $1,707,000. Brighton Jones LLC boosted its stake in PepsiCo by 6.3% during the 2nd quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock worth $4,586,000 after purchasing an additional 1,655 shares during the last quarter. Ieq Capital LLC raised its position 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. lifted its stake in shares of PepsiCo by 7.7% in 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 in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in 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 acquiring an additional 17,800 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.25 on Friday. The firm has a 50 day moving average of $155.37 and a two-hundred day moving average of $165.82. The stock has a market capitalization of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid 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 yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. 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 stock currently has an average rating of “Hold” and an average price target of $178.60.

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.