Seneca House Advisors Has $947,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Seneca House Advisors decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,230 shares of the company’s stock after selling 356 shares during the quarter. Seneca House Advisors’ holdings in PepsiCo were worth $947,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Fred Alger Management LLC grew its position in shares of PepsiCo by 5.6% in the second quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock valued at $8,220,000 after purchasing an additional 2,651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $223,000. Ameriprise Financial Inc. increased its position in PepsiCo by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock worth $846,030,000 after buying an additional 57,322 shares during the period. Elgethun Capital Management lifted its holdings in shares of PepsiCo by 0.9% during the second quarter. Elgethun Capital Management now owns 6,977 shares of the company’s stock worth $1,151,000 after buying an additional 63 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in shares of PepsiCo in the second quarter worth $537,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $148.62 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company’s 50-day moving average is $154.40 and its two-hundred day moving average is $165.52. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $203.91 billion, a PE ratio of 21.92, a PEG ratio of 2.86 and a beta of 0.54.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on PEP shares. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Barclays dropped their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $178.20.

PepsiCo Profile

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.