Venturi Wealth Management LLC Acquires 218 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Venturi Wealth Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,120 shares of the company’s stock after acquiring an additional 218 shares during the period. PepsiCo comprises approximately 1.1% of Venturi Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Venturi Wealth Management LLC’s holdings in PepsiCo were worth $9,310,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. United Asset Strategies Inc. lifted its stake in PepsiCo by 5.6% in the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock valued at $2,093,000 after purchasing an additional 816 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of PepsiCo by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock worth $92,830,000 after acquiring an additional 16,041 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of PepsiCo by 6.8% during the third quarter. Great Lakes Advisors LLC now owns 60,188 shares of the company’s stock worth $8,252,000 after acquiring an additional 3,843 shares in the last quarter. Stillwater Investment Management LLC lifted its position in shares of PepsiCo by 17.7% during the fourth quarter. Stillwater Investment Management LLC now owns 17,907 shares of the company’s stock worth $2,447,000 after acquiring an additional 2,688 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of PepsiCo by 5.4% during the fourth quarter. SeaCrest Wealth Management LLC now owns 18,489 shares of the company’s stock worth $2,527,000 after acquiring an additional 950 shares in the last quarter. 71.19% of the stock is owned by institutional investors.

Shares of PEP stock traded down $0.79 on Monday, reaching $142.12. The company’s stock had a trading volume of 290,115 shares, compared to its average volume of 3,854,362. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 12-month low of $108.00 and a 12-month high of $144.15. The company has a market capitalization of $199.29 billion, a P/E ratio of 16.22, a PEG ratio of 3.44 and a beta of 0.53. The stock’s 50 day simple moving average is $137.56 and its 200-day simple moving average is $135.00.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 6th were given a $0.955 dividend. The ex-dividend date was Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.69%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

Several equities research analysts have issued reports on PEP shares. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Citigroup increased their target price on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Finally, ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $135.53.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Neutral Rating

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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