Vantage Investment Partners LLC Purchases 10,596 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vantage Investment Partners LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,222 shares of the company’s stock after purchasing an additional 10,596 shares during the period. Vantage Investment Partners LLC’s holdings in PepsiCo were worth $12,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Greenup Street Wealth Management LLC bought a new position in PepsiCo during the fourth quarter worth $1,964,000. BankPlus Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $317,000. Northwest Financial Advisors grew its stake in PepsiCo by 9.1% in the 4th quarter. Northwest Financial Advisors now owns 1,436 shares of the company’s stock valued at $218,000 after buying an additional 120 shares during the last quarter. Nilsine Partners LLC lifted its position in PepsiCo by 4.5% during the fourth quarter. Nilsine Partners LLC now owns 11,114 shares of the company’s stock worth $1,690,000 after acquiring an additional 480 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA boosted its holdings in shares of PepsiCo by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 167,983 shares of the company’s stock worth $25,543,000 after acquiring an additional 5,316 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $154.61 on Tuesday. The stock has a market cap of $212.12 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a 50 day simple moving average of $153.88 and a 200 day simple moving average of $165.35. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.00.

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.