Vanguard Personalized Indexing Management LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Vanguard Personalized Indexing Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,693 shares of the company’s stock after buying an additional 31,862 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PepsiCo were worth $24,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in shares of PepsiCo in the second quarter valued at about $27,000. JCIC Asset Management Inc. acquired a new position in PepsiCo in the 3rd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of 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 buying an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC raised its position in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after buying an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.1%

NASDAQ:PEP opened at $144.58 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The firm has a market cap of $197.69 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 4.74 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a fifty day moving average price of $145.75 and a 200 day moving average price of $145.11.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Exane BNP Paribas upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Tuesday, October 21st. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $159.29.

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.