Culbertson A N & Co. Inc. Has $9.92 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Culbertson A N & Co. Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,245 shares of the company’s stock after acquiring an additional 2,521 shares during the quarter. PepsiCo comprises about 1.6% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 19th biggest position. Culbertson A N & Co. Inc.’s holdings in PepsiCo were worth $9,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of PepsiCo by 2.8% during 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. Thrivent Financial for Lutherans increased its stake in PepsiCo by 8.5% during the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after acquiring an additional 9,567 shares during the period. Epoch Investment Partners Inc. raised its holdings in PepsiCo by 7.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company’s stock valued at $56,765,000 after acquiring an additional 23,703 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PepsiCo by 7.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company’s stock worth $1,551,000 after acquiring an additional 608 shares during the period. Finally, Certified Advisory Corp increased its position in shares of PepsiCo by 4.0% during the second quarter. Certified Advisory Corp now owns 2,117 shares of the company’s stock valued at $349,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP opened at $148.25 on Tuesday. 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 stock has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company’s 50 day simple moving average is $155.37 and its 200-day simple moving average is $165.86. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. UBS Group lowered their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays dropped their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $178.60.

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.