Montrusco Bolton Investments Inc. Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Montrusco Bolton Investments Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 14.0% in the third quarter, Holdings reports. The fund owned 204,956 shares of the company’s stock after buying an additional 25,154 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in PepsiCo were worth $33,461,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Paragon Wealth Strategies LLC bought a new stake in shares of PepsiCo in the third quarter worth $27,000. Heritage Wealth Management LLC acquired a new stake in PepsiCo in the second quarter worth about $33,000. HBC Financial Services PLLC bought a new stake in PepsiCo during the second quarter worth approximately $41,000. Moisand Fitzgerald Tamayo LLC raised its position in PepsiCo by 157.1% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 270 shares of the company’s stock worth $44,000 after acquiring an additional 165 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in shares of PepsiCo in the third quarter valued at $50,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.

PepsiCo Trading Down 0.7 %

Shares of NASDAQ:PEP traded down $1.17 during midday trading on Wednesday, hitting $169.52. 753,037 shares of the stock were exchanged, compared to its average volume of 4,289,115. The business’s 50-day moving average price is $180.33 and its 200 day moving average price is $176.02. The stock has a market capitalization of $233.55 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 3.03 and a beta of 0.57. PepsiCo, Inc. has a 12 month low of $153.37 and a 12 month high of $186.84. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.72 and a current ratio of 0.92.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 2nd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 1st. PepsiCo’s dividend payout ratio (DPR) is currently 65.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. Credit Suisse Group dropped their target price on PepsiCo from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, October 3rd. Barclays raised their price objective on shares of PepsiCo from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 14th. Royal Bank of Canada boosted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Finally, Wedbush increased their price objective on PepsiCo from $185.00 to $190.00 in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.36.

PepsiCo Profile

(Get Rating)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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