PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,588 shares of the company’s stock after purchasing an additional 1,822 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in PepsiCo were worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Exeter Financial LLC raised its holdings in PepsiCo by 5.5% in the 4th quarter. Exeter Financial LLC now owns 27,574 shares of the company’s stock valued at $4,193,000 after buying an additional 1,446 shares during the period. Grandview Asset Management LLC acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $1,969,000. FNY Investment Advisers LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $76,000. First Financial Corp IN lifted its stake in PepsiCo by 10.5% during the fourth quarter. First Financial Corp IN now owns 3,321 shares of the company’s stock worth $505,000 after purchasing an additional 315 shares in the last quarter. Finally, Marion Wealth Management boosted its position in shares of PepsiCo by 3.5% during the fourth quarter. Marion Wealth Management now owns 9,282 shares of the company’s stock worth $1,411,000 after buying an additional 313 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.3 %

Shares of NASDAQ:PEP opened at $144.50 on Tuesday. 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 firm has a 50 day simple moving average of $156.92 and a 200-day simple moving average of $166.35. The company has a market capitalization of $198.25 billion, a PE ratio of 21.31, a P/E/G ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada cut their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight 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 a consensus target price of $180.64.

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.