PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,649 shares of the company’s stock after buying an additional 1,199 shares during the period. Boomfish Wealth Group LLC’s holdings in PepsiCo were worth $1,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PEP. Newbridge Financial Services Group Inc. increased its stake in PepsiCo by 13.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock worth $95,000 after acquiring an additional 68 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PepsiCo during the 2nd quarter worth $223,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PepsiCo by 116.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 617,014 shares of the company’s stock valued at $101,764,000 after purchasing an additional 332,558 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of PepsiCo by 17.5% during the second quarter. Anchor Investment Management LLC now owns 26,359 shares of the company’s stock worth $4,347,000 after purchasing an additional 3,923 shares in the last quarter. Finally, Centaurus Financial Inc. grew its stake in shares of PepsiCo by 210.2% in the second quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after buying an additional 9,770 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PEP shares. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Up 1.0 %

PepsiCo stock opened at $151.90 on Friday. The firm has a market capitalization of $208.41 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.91 and a beta of 0.54. The company has a 50-day simple moving average of $153.51 and a 200-day simple moving average of $165.07. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. PepsiCo’s payout ratio is currently 79.94%.

PepsiCo Company 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.