Wallington Asset Management LLC Has $5.38 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wallington Asset Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,384 shares of the company’s stock after selling 520 shares during the period. Wallington Asset Management LLC’s holdings in PepsiCo were worth $5,380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Wealth Strategies & Associates boosted its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Cross Staff Investments Inc grew its position in PepsiCo by 0.9% during the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock worth $1,204,000 after buying an additional 60 shares in the last quarter. Paulson Wealth Management Inc. raised its stake in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares in the last quarter. LCM Capital Management Inc grew its position in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after acquiring an additional 62 shares in the last quarter. Finally, Demars Financial Group LLC raised its holdings in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after buying an additional 62 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $148.25 on Friday. The firm has a market cap of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a 50-day moving average price of $155.37 and a 200 day moving average price of $165.83.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. 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. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $178.60.

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.