PepsiCo, Inc. $PEP Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 96.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,383 shares of the company’s stock after acquiring an additional 19,829 shares during the period. Townsquare Capital LLC’s holdings in PepsiCo were worth $5,671,000 as of its most recent SEC filing.

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

PepsiCo Trading Up 0.1%

NASDAQ:PEP opened at $148.69 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market cap of $203.31 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 4.88 and a beta of 0.42. The stock’s 50-day moving average is $145.79 and its two-hundred day moving average is $145.32. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s payout ratio is 108.17%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Tuesday, October 21st. Evercore ISI upped their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Exane BNP Paribas upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. HSBC boosted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, BNP Paribas Exane raised shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 price objective on the stock in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $159.29.

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.