PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,357 shares of the company’s stock after purchasing an additional 992 shares during the quarter. Procyon Advisors LLC’s holdings in PepsiCo were worth $4,616,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Edgestream Partners L.P. increased its position in PepsiCo by 190.5% during the second quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock worth $2,206,000 after purchasing an additional 8,772 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in PepsiCo by 2.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 231,170 shares of the company’s stock worth $38,127,000 after purchasing an additional 4,912 shares in the last quarter. Paces Ferry Wealth Advisors LLC boosted its position in shares of PepsiCo by 17.9% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 1,506 shares of the company’s stock worth $248,000 after buying an additional 229 shares during the period. Altrius Capital Management Inc lifted its stake in PepsiCo by 2.2% during the 2nd quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock worth $3,903,000 after acquiring an additional 504 shares in the last quarter. Finally, Miramar Capital LLC grew its position in PepsiCo by 12.6% in the 2nd quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock valued at $19,641,000 after acquiring an additional 13,326 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and upped their price target for the company from $179.00 to $184.00 in a report on Thursday, December 12th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Finally, Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $180.27.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $146.58 on Friday. The stock has a market capitalization of $201.11 billion, a P/E ratio of 21.62, a PEG ratio of 2.57 and a beta of 0.54. 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 business’s fifty day moving average price is $156.06 and its 200 day moving average price is $166.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo Announces Dividend

The company 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 of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo’s payout ratio is currently 79.94%.

About PepsiCo

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.