Sigma Planning Corp lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,343 shares of the company’s stock after buying an additional 2,209 shares during the quarter. Sigma Planning Corp’s holdings in PepsiCo were worth $7,318,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of PEP. McClarren Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the 4th quarter worth about $27,000. PrairieView Partners LLC acquired a new position in PepsiCo during the 4th quarter valued at about $30,000. Interactive Financial Advisors bought a new position in shares of PepsiCo during the 4th quarter valued at about $33,000. Catalyst Private Wealth LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at about $34,000. Finally, Baron Financial Group LLC acquired a new position in shares of PepsiCo in the third quarter worth about $35,000. Institutional investors own 69.94% of the company’s stock.
Shares of NASDAQ PEP traded up $0.28 during mid-day trading on Tuesday, reaching $132.27. The company had a trading volume of 282,519 shares, compared to its average volume of 4,864,003. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $148.77. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The stock has a market capitalization of $182.48 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. The stock’s 50 day moving average is $139.12 and its 200-day moving average is $139.92.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th will be given a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.
Several brokerages have commented on PEP. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price for the company. in a report on Monday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Friday, February 12th. Wells Fargo & Company began coverage on shares of PepsiCo in a report on Monday, December 7th. They issued an “equal weight” rating and a $157.00 target price for the company. Sanford C. Bernstein began coverage on shares of PepsiCo in a report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $144.78.
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.
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