Tred Avon Family Wealth LLC Buys New Holdings in PepsiCo, Inc. $PEP

Tred Avon Family Wealth LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,101 shares of the company’s stock, valued at approximately $1,559,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC raised its position in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC grew its position in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Loop Capital set a $164.00 target price on shares of PepsiCo in a report on Thursday, October 23rd. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. BNP Paribas Exane upgraded shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $179.00 price objective for the company in a research report on Friday. Finally, BNP Paribas upgraded shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price for the company in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.32.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $146.32 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15. The firm has a market capitalization of $200.07 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.79 and a beta of 0.42. The business’s 50 day simple moving average is $145.62 and its 200-day simple moving average is $144.67. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s payout ratio is currently 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.