Lindsell Train Ltd Has $388.72 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Lindsell Train Ltd reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,556,337 shares of the company’s stock after selling 213,274 shares during the quarter. PepsiCo makes up about 9.7% of Lindsell Train Ltd’s portfolio, making the stock its 6th largest holding. Lindsell Train Ltd’s holdings in PepsiCo were worth $388,717,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. LexAurum Advisors LLC lifted its stake in shares of PepsiCo by 14.2% in the fourth quarter. LexAurum Advisors LLC now owns 2,710 shares of the company’s stock worth $412,000 after acquiring an additional 336 shares during the period. Matthew Goff Investment Advisor LLC raised its holdings in PepsiCo by 0.4% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 63,774 shares of the company’s stock worth $9,697,000 after purchasing an additional 232 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Hengehold Capital Management LLC increased its position in shares of PepsiCo by 1.6% during the fourth quarter. Hengehold Capital Management LLC now owns 20,880 shares of the company’s stock worth $3,175,000 after buying an additional 322 shares during the period. Finally, Apeiron RIA LLC raised its stake in PepsiCo by 25.8% during the fourth quarter. Apeiron RIA LLC now owns 5,277 shares of the company’s stock worth $802,000 after buying an additional 1,082 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PEP. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company dropped 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. UBS Group reduced their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $148.62 on Friday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week 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 $154.40 and a 200-day moving average price of $165.52. The company has a market cap of $203.91 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.