Tradewinds LLC. Buys New Stake in PepsiCo, Inc. $PEP

Tradewinds LLC. bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,272 shares of the company’s stock, valued at approximately $1,583,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in PepsiCo in the second quarter worth about $2,330,594,000. Laurel Wealth Advisors LLC raised its position in shares of PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock worth $513,726,000 after buying an additional 3,863,893 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after acquiring an additional 2,556,163 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of PepsiCo by 19.5% during the second quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Finally, First Trust Advisors LP raised its holdings in PepsiCo by 112.6% during the second quarter. First Trust Advisors LP now owns 4,040,079 shares of the company’s stock worth $533,452,000 after purchasing an additional 2,139,847 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP opened at $146.32 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $200.07 billion, a P/E ratio of 27.82, a PEG ratio of 4.79 and a beta of 0.42. The stock has a fifty day moving average of $145.62 and a 200-day moving average of $144.73.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. UBS Group lowered their price target on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price target on shares of PepsiCo in a report on Thursday, October 23rd. HSBC raised their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upgraded shares of PepsiCo from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $151.00 to $164.00 in a report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.32.

PepsiCo 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.