Capital Investment Advisory Services LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Capital Investment Advisory Services LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 9,310 shares of the company’s stock after buying an additional 182 shares during the period. Capital Investment Advisory Services LLC’s holdings in PepsiCo were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Newbridge Financial Services Group Inc. boosted its stake in shares of PepsiCo by 13.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock worth $95,000 after acquiring an additional 68 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $223,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of PepsiCo by 116.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 617,014 shares of the company’s stock valued at $101,764,000 after buying an additional 332,558 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of PepsiCo by 17.5% during the 2nd quarter. Anchor Investment Management LLC now owns 26,359 shares of the company’s stock valued at $4,347,000 after buying an additional 3,923 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of PepsiCo by 210.2% during the 2nd quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after buying an additional 9,770 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. Royal Bank of Canada restated a “sector perform” rating and set a $172.00 target price on shares of PepsiCo in a research note on Wednesday. Wells Fargo & Company reduced their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $151.90 on Friday. The company has a market capitalization of $208.41 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm’s 50-day moving average is $153.51 and its 200 day moving average is $165.07. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The business 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 annualized dividend and a yield of 3.57%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.