Frank Rimerman Advisors LLC Acquires 4,377 Shares of PepsiCo, Inc. $PEP

Frank Rimerman Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,841 shares of the company’s stock after acquiring an additional 4,377 shares during the period. Frank Rimerman Advisors LLC’s holdings in PepsiCo were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Three Bridge Wealth Advisors LLC lifted its position in shares of PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after buying an additional 68 shares in the last quarter. JSF Financial LLC raised its stake in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares during the period. Facet Wealth Inc. lifted its holdings in PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after purchasing an additional 69 shares in the last quarter. Hudock Inc. boosted its position in shares of PepsiCo by 1.0% in the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after purchasing an additional 70 shares during the period. Finally, Binnacle Investments Inc raised its position in shares of PepsiCo by 33.2% during the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. UBS Group cut their price target on PepsiCo from $172.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Citigroup increased their target price on PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. raised PepsiCo from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $151.00 to $164.00 in a report on Wednesday, December 10th. Bank of America increased their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $159.29.

PepsiCo Stock Up 3.3%

Shares of PEP opened at $153.63 on Friday. The business’s 50 day simple moving average is $145.94 and its 200-day simple moving average is $145.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market capitalization of $210.06 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 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.