Intrepid Financial Planning Group LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 7.6% in the third quarter, HoldingsChannel reports. The firm owned 1,410 shares of the company's stock after buying an additional 100 shares during the period. Intrepid Financial Planning Group LLC's holdings in PepsiCo were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Paragon Wealth Strategies LLC acquired a new position in shares of PepsiCo in the third quarter worth about $27,000. Heritage Wealth Management LLC acquired a new position in shares of PepsiCo in the second quarter worth about $33,000. HBC Financial Services PLLC acquired a new position in shares of PepsiCo in the second quarter worth about $41,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of PepsiCo by 157.1% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company's stock worth $44,000 after acquiring an additional 165 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of PepsiCo in the third quarter worth about $50,000. 70.76% of the stock is currently owned by institutional investors and hedge funds.
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PepsiCo Price Performance
NASDAQ PEP traded down $0.96 during trading hours on Thursday, hitting $170.97. 1,395,099 shares of the company's stock traded hands, compared to its average volume of 4,301,218. PepsiCo, Inc. has a 52-week low of $153.37 and a 52-week high of $186.84. The company has a market capitalization of $235.55 billion, a PE ratio of 24.60, a PEG ratio of 3.06 and a beta of 0.57. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72. The firm's 50-day moving average is $180.21 and its 200-day moving average is $175.99.
PepsiCo Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 2nd were paid a $1.15 dividend. The ex-dividend date was Thursday, December 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.69%. PepsiCo's dividend payout ratio (DPR) is 65.81%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Argus upped their price target on shares of PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Wedbush upped their price target on shares of PepsiCo from $185.00 to $190.00 in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $186.00 and gave the stock a "hold" rating in a research report on Tuesday, December 6th. Barclays upped their price target on shares of PepsiCo from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 14th. Finally, Wells Fargo & Company upped their price target on shares of PepsiCo from $174.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Moderate Buy" and a consensus price target of $183.36.
PepsiCo Company Profile
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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
Further Reading
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