PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Asio Capital LLC

Asio Capital LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,365 shares of the company’s stock after acquiring an additional 4,304 shares during the period. Asio Capital LLC’s holdings in PepsiCo were worth $4,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Duncan Williams Asset Management LLC boosted its position in PepsiCo by 1.8% in the 4th quarter. Duncan Williams Asset Management LLC now owns 5,010 shares of the company’s stock worth $762,000 after purchasing an additional 88 shares in the last quarter. Precedent Wealth Partners LLC grew its position in PepsiCo by 3.3% during the fourth quarter. Precedent Wealth Partners LLC now owns 8,303 shares of the company’s stock valued at $1,263,000 after buying an additional 267 shares during the period. AlphaMark Advisors LLC increased its holdings in PepsiCo by 10.6% in the fourth quarter. AlphaMark Advisors LLC now owns 1,199 shares of the company’s stock valued at $182,000 after buying an additional 115 shares in the last quarter. Vantage Wealth raised its position in shares of PepsiCo by 1.7% in the fourth quarter. Vantage Wealth now owns 106,228 shares of the company’s stock worth $16,153,000 after acquiring an additional 1,800 shares during the period. Finally, Compass Wealth Management LLC grew its position in shares of PepsiCo by 35.6% during the 4th quarter. Compass Wealth Management LLC now owns 32,274 shares of the company’s stock valued at $4,908,000 after acquiring an additional 8,480 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PEP. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Bank of America cut their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $177.00.

PepsiCo Trading Up 0.3 %

NASDAQ:PEP opened at $149.12 on Friday. 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 stock’s 50 day simple moving average is $153.88 and its 200-day simple moving average is $165.31. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market cap of $204.59 billion, a P/E ratio of 21.99, 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 yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

PepsiCo Company 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.