Everett Harris & Co. CA Acquires 71 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Everett Harris & Co. CA grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,794 shares of the company’s stock after buying an additional 71 shares during the period. PepsiCo makes up 0.8% of Everett Harris & Co. CA’s portfolio, making the stock its 26th largest holding. Everett Harris & Co. CA’s holdings in PepsiCo were worth $63,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PEP. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter worth $31,000. Mattson Financial Services LLC purchased a new stake in shares of PepsiCo during the second quarter valued at $34,000. Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter valued at about $44,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PEP shares. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Barclays decreased their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $176.73.

PepsiCo Trading Down 0.8 %

Shares of PepsiCo stock opened at $150.69 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm’s 50-day moving average price is $153.35 and its 200 day moving average price is $164.97. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $206.75 billion, a PE ratio of 22.23, a P/E/G ratio of 2.91 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo’s payout ratio is presently 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.