Strs Ohio Has $91.65 Million Holdings in PepsiCo, Inc. $PEP

Strs Ohio grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.7% during the third quarter, HoldingsChannel.com reports. The firm owned 652,569 shares of the company’s stock after buying an additional 78,631 shares during the quarter. Strs Ohio’s holdings in PepsiCo were worth $91,647,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth $27,000. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $27,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter valued at $29,000. Vermillion & White Wealth Management Group LLC raised its position in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price target on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group raised their price objective on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Rothschild & Co Redburn boosted their target price on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday, December 15th. UBS Group reduced their price objective on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.29.

PepsiCo Trading Down 1.6%

NASDAQ PEP opened at $144.40 on Friday. The company has a market cap of $197.44 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 4.81 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The business’s fifty day moving average is $145.78 and its 200 day moving average is $144.90. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is 108.17%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.