PepsiCo, Inc. $PEP Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 521,069 shares of the company’s stock after buying an additional 8,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PepsiCo were worth $73,179,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo during the second quarter worth about $27,000. JCIC Asset Management Inc. purchased a new stake in PepsiCo during the 3rd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC boosted its position in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

PepsiCo Trading Up 0.1%

PEP opened at $144.58 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The company has a market cap of $197.69 billion, a P/E ratio of 27.49, a PEG ratio of 4.73 and a beta of 0.42. The business’s 50-day simple moving average is $145.75 and its 200-day simple moving average is $144.97.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders 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 yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. JPMorgan Chase & Co. upgraded PepsiCo from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $151.00 to $164.00 in a research note on Wednesday, December 10th. Wells Fargo & Company increased their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Exane BNP Paribas upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. Finally, The Goldman Sachs Group raised their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $159.29.

Get Our Latest Stock Analysis on PEP

PepsiCo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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