Addenda Capital Inc. Has $13.02 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Addenda Capital Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,915 shares of the company’s stock after purchasing an additional 749 shares during the quarter. Addenda Capital Inc.’s holdings in PepsiCo were worth $13,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its position in PepsiCo by 2.8% during the second quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock valued at $64,186,000 after purchasing an additional 10,547 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after buying an additional 9,567 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in PepsiCo by 7.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company’s stock worth $56,765,000 after purchasing an additional 23,703 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PepsiCo by 7.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company’s stock valued at $1,551,000 after purchasing an additional 608 shares during the period. Finally, Certified Advisory Corp grew its holdings in PepsiCo by 4.0% during the 2nd quarter. Certified Advisory Corp now owns 2,117 shares of the company’s stock valued at $349,000 after buying an additional 82 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $148.25 on Tuesday. The company has a 50 day moving average price of $155.37 and a 200-day moving average price of $165.86. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market cap of $203.40 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. 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 payout ratio is presently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. TD Cowen dropped their target price 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. Royal Bank of Canada lowered their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. 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 report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $178.60.

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.