HF Advisory Group LLC Buys 9,956 Shares of PepsiCo, Inc. (NASDAQ:PEP)

HF Advisory Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 419.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,328 shares of the company’s stock after acquiring an additional 9,956 shares during the quarter. HF Advisory Group LLC’s holdings in PepsiCo were worth $1,874,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of PepsiCo by 14.1% in the second quarter. Pacer Advisors Inc. now owns 201,035 shares of the company’s stock valued at $33,157,000 after buying an additional 24,835 shares during the period. Sei Investments Co. boosted its stake in PepsiCo by 2.8% in the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after purchasing an additional 10,547 shares during the period. Boston Research & Management Inc. raised its stake in shares of PepsiCo by 2.3% in the 2nd quarter. Boston Research & Management Inc. now owns 32,468 shares of the company’s stock valued at $5,355,000 after purchasing an additional 721 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after purchasing an additional 9,567 shares in the last quarter. Finally, Capstone Triton Financial Group LLC boosted its position in shares of PepsiCo by 2.6% during the second quarter. Capstone Triton Financial Group LLC now owns 5,780 shares of the company’s stock worth $953,000 after buying an additional 146 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. One 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. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Up 1.2 %

PepsiCo stock opened at $148.25 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap of $203.40 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The company’s 50-day moving average price is $155.37 and its two-hundred day moving average price is $165.83. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

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 issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

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.