Patten Group Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,024 shares of the company’s stock after buying an additional 265 shares during the quarter. PepsiCo accounts for approximately 1.1% of Patten Group Inc.’s portfolio, making the stock its 20th largest holding. Patten Group Inc.’s holdings in PepsiCo were worth $2,873,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Windward Capital Management Co. CA lifted its holdings in PepsiCo by 3.4% during the fourth quarter. Windward Capital Management Co. CA now owns 141,731 shares of the company’s stock valued at $19,370,000 after purchasing an additional 4,665 shares during the last quarter. Bridge Creek Capital Management LLC lifted its holdings in PepsiCo by 0.5% during the fourth quarter. Bridge Creek Capital Management LLC now owns 34,743 shares of the company’s stock valued at $4,748,000 after purchasing an additional 165 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in PepsiCo by 0.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 89,728 shares of the company’s stock valued at $12,263,000 after purchasing an additional 531 shares during the last quarter. Planning Directions Inc. lifted its holdings in PepsiCo by 4.2% during the fourth quarter. Planning Directions Inc. now owns 2,193 shares of the company’s stock valued at $300,000 after purchasing an additional 89 shares during the last quarter. Finally, First Command Financial Services Inc. increased its position in shares of PepsiCo by 3.0% during the fourth quarter. First Command Financial Services Inc. now owns 9,927 shares of the company’s stock valued at $1,357,000 after buying an additional 291 shares during the period. 71.14% of the stock is currently owned by institutional investors.

Shares of PEP stock traded down $0.08 during trading on Tuesday, hitting $136.45. The company had a trading volume of 195,455 shares, compared to its average volume of 3,694,697. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. The stock’s 50-day moving average is $136.37 and its two-hundred day moving average is $134.51. The stock has a market capitalization of $187.59 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 3.24 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $106.73 and a 52 week high of $140.45.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 6th were given a $0.955 dividend. This represents a $3.82 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, December 5th. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

Several equities research analysts have recently weighed in on the company. Deutsche Bank upped their price target on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Guggenheim set a $130.00 price target on PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. set a $154.00 price target on PepsiCo and gave the company a “buy” rating in a research report on Thursday, October 3rd. Citigroup upped their price target on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Finally, Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a research report on Sunday, December 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $135.53.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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