PepsiCo, Inc. $PEP Shares Acquired by National Pension Service

National Pension Service boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,066,888 shares of the company’s stock after acquiring an additional 80,153 shares during the quarter. National Pension Service owned 0.22% of PepsiCo worth $430,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in PepsiCo during the second quarter worth approximately $27,000. JCIC Asset Management Inc. purchased a new stake in PepsiCo during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its position in PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 3.3%

PEP opened at $153.63 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month 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 PE ratio of 29.21, a P/E/G ratio of 4.89 and a beta of 0.42. The firm’s fifty day moving average price is $145.94 and its 200 day moving average price is $145.45.

PepsiCo Dividend Announcement

The business also recently declared 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 of this dividend was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Jefferies Financial Group increased their target price on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Piper Sandler boosted their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. BNP Paribas Exane raised shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 price target for the company in a report on Friday, January 16th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $159.29.

PepsiCo Company 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.