Hanson & Doremus Investment Management increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,550 shares of the company’s stock after acquiring an additional 176 shares during the period. Hanson & Doremus Investment Management’s holdings in PepsiCo were worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vista Private Wealth Partners. LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $36,000. Cordasco Financial Network lifted its holdings in shares of PepsiCo by 50.0% during the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 100 shares in the last quarter. 1 North Wealth Services LLC purchased a new stake in PepsiCo in the third quarter worth approximately $44,000. Simon Quick Advisors LLC increased its position in shares of PepsiCo by 53.9% during the 4th quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock valued at $46,000 after purchasing an additional 118 shares during the last quarter. Finally, Fulcrum Capital LLC lifted its position in PepsiCo by 6.0% during the third quarter. Fulcrum Capital LLC now owns 49,732 shares of the company’s stock valued at $47,000 after purchasing an additional 2,834 shares in the last quarter. 71.14% of the stock is owned by institutional investors.

Shares of NASDAQ PEP traded up $0.46 during trading hours on Thursday, hitting $139.67. 164,614 shares of the stock were exchanged, compared to its average volume of 3,649,497. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 12 month low of $107.70 and a 12 month high of $140.45. The company has a market cap of $190.83 billion, a PE ratio of 24.67, a PEG ratio of 3.30 and a beta of 0.53. The firm has a fifty day moving average price of $136.51 and a 200-day moving average price of $134.57.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 6th were issued a $0.955 dividend. The ex-dividend date was Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.74%. PepsiCo’s dividend payout ratio is currently 67.49%.

A number of research analysts recently commented on the company. Evercore ISI reissued a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Credit Suisse Group upped their target price on shares of PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research note on Friday, October 4th. Guggenheim set a $130.00 target price on PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $133.00 price objective (up previously from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $135.53.

PepsiCo Company Profile

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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