Heck Capital Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Heck Capital Advisors LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,036 shares of the company’s stock, valued at approximately $1,222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Newbridge Financial Services Group Inc. boosted its stake in shares of PepsiCo by 13.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock worth $95,000 after buying an additional 68 shares during the period. Centaurus Financial Inc. raised its stake in 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 acquiring an additional 9,770 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in PepsiCo during the 2nd quarter worth approximately $34,000. AMF Tjanstepension AB grew its stake in shares of PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after purchasing an additional 17,833 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $150.69 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm’s 50-day simple moving average is $153.35 and its 200 day simple moving average is $164.97. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a market capitalization of $206.75 billion, a PE ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.60%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Barclays cut their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $176.73.

PepsiCo Company 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.