Windsor Group LTD cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,586 shares of the company's stock after selling 77 shares during the period. Windsor Group LTD's holdings in PepsiCo were worth $1,064,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Paragon Wealth Strategies LLC bought a new stake in PepsiCo during the third quarter valued at $27,000. Heritage Wealth Management LLC bought a new stake in PepsiCo during the second quarter valued at $33,000. HBC Financial Services PLLC bought a new stake in PepsiCo during the second quarter valued at $41,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of PepsiCo by 157.1% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company's stock valued at $44,000 after purchasing an additional 165 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of PepsiCo during the third quarter valued at about $50,000. Institutional investors and hedge funds own 70.76% of the company's stock.
Get PepsiCo alerts:Analyst Ratings Changes
Several brokerages have recently weighed in on PEP. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $186.00 and gave the company a "hold" rating in a report on Tuesday, December 6th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $174.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 3rd. Argus increased their price objective on shares of PepsiCo from $195.00 to $206.00 in a research note on Wednesday, December 7th. Credit Suisse Group reduced their target price on shares of PepsiCo from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, October 3rd. Finally, Redburn Partners began coverage on shares of PepsiCo in a research report on Friday, November 4th. They set a "sell" rating and a $141.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.36.
PepsiCo Price Performance
Shares of PepsiCo stock traded down $1.35 on Thursday, hitting $170.58. 1,269,544 shares of the company traded hands, compared to its average volume of 4,293,832. The firm's 50-day simple moving average is $180.21 and its 200 day simple moving average is $175.99. The company has a current ratio of 0.92, a quick ratio of 0.72 and a debt-to-equity ratio of 1.89. The company has a market cap of $235.01 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.06 and a beta of 0.57. PepsiCo, Inc. has a 12-month low of $153.37 and a 12-month high of $186.84.PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 2nd were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, December 1st. PepsiCo's dividend payout ratio (DPR) is currently 65.81%.
About PepsiCo
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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).
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