PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by First National Advisers LLC

First National Advisers LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,999 shares of the company’s stock after acquiring an additional 420 shares during the period. First National Advisers LLC’s holdings in PepsiCo were worth $490,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Paragon Wealth Strategies LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $27,000. Heritage Wealth Management LLC acquired a new stake in PepsiCo in the 2nd quarter valued at about $33,000. HBC Financial Services PLLC acquired a new stake in PepsiCo in the 2nd quarter valued at about $41,000. Moisand Fitzgerald Tamayo LLC raised its position in PepsiCo by 157.1% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company’s stock valued at $44,000 after purchasing an additional 165 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 70.76% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.68 during midday trading on Wednesday, hitting $170.01. The company had a trading volume of 655,986 shares, compared to its average volume of 4,283,049. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72. PepsiCo, Inc. has a 52-week low of $153.37 and a 52-week high of $186.84. The stock has a market cap of $234.22 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.03 and a beta of 0.57. The company’s 50 day simple moving average is $180.33 and its 200 day simple moving average is $176.02.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 2nd were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.71%. PepsiCo’s dividend payout ratio (DPR) is presently 65.81%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $186.00 and gave the stock a “hold” rating in a research report on Tuesday, December 6th. Argus raised their target price on PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Redburn Partners started coverage on PepsiCo in a research report on Friday, November 4th. They set a “sell” rating and a $141.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on PepsiCo from $188.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, September 30th. Finally, Royal Bank of Canada raised their price target on PepsiCo from $165.00 to $170.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.36.

PepsiCo Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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