City State Bank Buys 702 Shares of PepsiCo, Inc. (NASDAQ:PEP)

City State Bank raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 32.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,842 shares of the company’s stock after purchasing an additional 702 shares during the period. City State Bank’s holdings in PepsiCo were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth $31,000. Mattson Financial Services LLC acquired a new stake in PepsiCo during the second quarter worth $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.5 %

Shares of NASDAQ PEP traded up $0.75 during midday trading on Monday, hitting $143.39. The stock had a trading volume of 1,632,274 shares, compared to its average volume of 6,420,833. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market cap of $196.73 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company’s 50-day simple moving average is $157.35 and its 200 day simple moving average is $166.50.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $180.64.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.