PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,808 shares of the company’s stock after acquiring an additional 1,217 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in PepsiCo were worth $3,772,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $72,000. LongView Wealth Management raised its holdings in PepsiCo by 2.2% during the fourth quarter. LongView Wealth Management now owns 4,456 shares of the company’s stock worth $678,000 after purchasing an additional 95 shares during the last quarter. Whitener Capital Management Inc. grew its holdings in PepsiCo by 5.8% in the fourth quarter. Whitener Capital Management Inc. now owns 44,389 shares of the company’s stock valued at $6,750,000 after purchasing an additional 2,447 shares during the last quarter. Somerset Trust Co increased its position in shares of PepsiCo by 4.5% in the fourth quarter. Somerset Trust Co now owns 19,969 shares of the company’s stock valued at $3,036,000 after buying an additional 857 shares in the last quarter. Finally, Professional Advisory Services Inc. grew its stake in PepsiCo by 9.5% in the 4th quarter. Professional Advisory Services Inc. now owns 164,239 shares of the company’s stock valued at $24,974,000 after acquiring an additional 14,263 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Up 1.2 %

NASDAQ PEP opened at $148.25 on Friday. The stock has a market cap of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.57 and a beta of 0.54. The business has a 50 day moving average price of $155.37 and a two-hundred day moving average price of $165.82. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.