Mayflower Financial Advisors LLC Has $2.02 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Mayflower Financial Advisors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,271 shares of the company’s stock after purchasing an additional 487 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in PepsiCo were worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PEP. Scientech Research LLC bought a new stake in PepsiCo in the second quarter valued at approximately $325,000. Invst LLC boosted its stake in shares of PepsiCo by 28.1% in the 2nd quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after purchasing an additional 630 shares during the last quarter. Quarry LP increased its position in shares of PepsiCo by 409.7% during the second quarter. Quarry LP now owns 892 shares of the company’s stock worth $147,000 after buying an additional 717 shares during the period. Pathway Financial Advisers LLC raised its stake in PepsiCo by 2.1% during the second quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock worth $5,692,000 after buying an additional 720 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its position in PepsiCo by 9.3% during the second quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock valued at $4,235,000 after acquiring an additional 2,187 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays cut their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $177.00.

PepsiCo Trading Down 2.8 %

NASDAQ:PEP opened at $150.25 on Wednesday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a 50-day moving average price of $153.81 and a two-hundred day moving average price of $165.28. The firm has a market cap of $206.14 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.61%. PepsiCo’s dividend payout ratio is currently 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.