Vanguard Personalized Indexing Management LLC Grows Stock Holdings in PepsiCo, Inc. $PEP

Vanguard Personalized Indexing Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,693 shares of the company’s stock after purchasing an additional 31,862 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PepsiCo were worth $24,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of PepsiCo in the second quarter worth about $2,330,594,000. Laurel Wealth Advisors LLC grew its stake in shares of PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock worth $513,726,000 after purchasing an additional 3,863,893 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of PepsiCo by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after purchasing an additional 2,541,455 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of PepsiCo by 112.6% in the 2nd quarter. First Trust Advisors LP now owns 4,040,079 shares of the company’s stock valued at $533,452,000 after purchasing an additional 2,139,847 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. JPMorgan Chase & Co. upgraded PepsiCo from a “neutral” rating to an “overweight” rating and raised their target price for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Exane BNP Paribas raised PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. BNP Paribas Exane upgraded PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 price target on the stock in a research report on Friday, January 16th. Finally, HSBC boosted their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $159.29.

PepsiCo Stock Performance

NASDAQ PEP opened at $144.58 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $145.75 and its 200-day simple moving average is $145.11. The company has a market cap of $197.69 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 4.74 and a beta of 0.42. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is presently 108.17%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.