Ayrshire Capital Management LLC Has $5.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ayrshire Capital Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,808 shares of the company’s stock after purchasing an additional 1,030 shares during the period. PepsiCo accounts for approximately 2.7% of Ayrshire Capital Management LLC’s holdings, making the stock its 22nd biggest position. Ayrshire Capital Management LLC’s holdings in PepsiCo were worth $5,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Johnson & White Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter worth about $806,000. AAFMAA Wealth Management & Trust LLC lifted its position in shares of PepsiCo by 16.9% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 12,588 shares of the company’s stock worth $1,914,000 after buying an additional 1,822 shares during the period. Exeter Financial LLC grew its position in PepsiCo by 5.5% in the fourth quarter. Exeter Financial LLC now owns 27,574 shares of the company’s stock valued at $4,193,000 after acquiring an additional 1,446 shares during the period. Grandview Asset Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at $1,969,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $76,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $144.50 on Tuesday. The stock has a 50-day moving average price of $156.92 and a two-hundred day moving average price of $166.35. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a market cap of $198.25 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several analyst reports. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $180.64.

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.