AustralianSuper Pty Ltd Has $2.37 Million Holdings in PepsiCo, Inc. $PEP

AustralianSuper Pty Ltd grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,878 shares of the company’s stock after acquiring an additional 5,891 shares during the period. AustralianSuper Pty Ltd’s holdings in PepsiCo were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PEP. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new position in PepsiCo in the first quarter valued at about $251,000. Sivia Capital Partners LLC increased its position in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after purchasing an additional 3,790 shares during the period. Precision Wealth Strategies LLC acquired a new position in PepsiCo during the 2nd quarter valued at about $203,000. Finally, Vicus Capital boosted its stake in shares of PepsiCo by 21.4% in the 2nd quarter. Vicus Capital now owns 3,099 shares of the company’s stock valued at $409,000 after purchasing an additional 547 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PEP. Wells Fargo & Company boosted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Exane BNP Paribas upgraded shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. UBS Group reduced their price target on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Citigroup upped their price objective on PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Loop Capital set a $164.00 target price on PepsiCo in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $159.29.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $153.63 on Friday. The stock’s fifty day simple moving average is $145.94 and its 200 day simple moving average is $145.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $210.06 billion, a PE ratio of 29.21, a PEG ratio of 4.89 and a beta of 0.42. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s payout ratio is currently 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.