Cadent Capital Advisors LLC Has $3.11 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cadent Capital Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,435 shares of the company’s stock after selling 275 shares during the quarter. PepsiCo makes up about 1.1% of Cadent Capital Advisors LLC’s holdings, making the stock its 25th biggest position. Cadent Capital Advisors LLC’s holdings in PepsiCo were worth $3,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth $31,000. Mattson Financial Services LLC bought a new stake in PepsiCo in the second quarter valued at about $34,000. Finally, Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their target price for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $180.64.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.79 during midday trading on Monday, hitting $144.43. 3,851,709 shares of the company’s stock were exchanged, compared to its average volume of 6,750,441. The company’s 50 day moving average price is $157.35 and its 200 day moving average price is $166.50. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a market capitalization of $198.16 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.