Northstar Advisory Group LLC Purchases New Holdings in PepsiCo, Inc. $PEP

Northstar Advisory Group LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,748 shares of the company’s stock, valued at approximately $1,088,000.

A number of other hedge funds have also recently modified their holdings of the business. Three Bridge Wealth Advisors LLC lifted its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after acquiring an additional 68 shares during the last quarter. JSF Financial LLC increased its stake in PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the period. Facet Wealth Inc. lifted its position in shares of PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares during the last quarter. Hudock Inc. boosted its stake in shares of PepsiCo by 1.0% during the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after purchasing an additional 70 shares during the period. Finally, Binnacle Investments Inc grew its holdings in shares of PepsiCo by 33.2% in the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.9%

Shares of NASDAQ:PEP opened at $145.87 on Tuesday. The company has a market capitalization of $199.45 billion, a PE ratio of 27.73, a P/E/G 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. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The business’s fifty day simple moving average is $145.71 and its 200-day simple moving average is $145.18.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given 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 of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Wells Fargo & Company boosted their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Jefferies Financial Group raised their price objective on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group lifted their target price on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised PepsiCo from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $164.00 in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.