Compton Wealth Advisory Group LLC Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Compton Wealth Advisory Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,199 shares of the company’s stock after acquiring an additional 175 shares during the period. Compton Wealth Advisory Group LLC’s holdings in PepsiCo were worth $1,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Oppenheimer Asset Management Inc. raised its holdings in PepsiCo by 20.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 76,818 shares of the company’s stock worth $12,670,000 after acquiring an additional 13,134 shares during the last quarter. Prosperity Consulting Group LLC raised its position in PepsiCo by 9.9% in the 2nd quarter. Prosperity Consulting Group LLC now owns 6,777 shares of the company’s stock worth $1,118,000 after buying an additional 613 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in PepsiCo by 46.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,383 shares of the company’s stock valued at $3,362,000 after acquiring an additional 6,477 shares during the period. Lyell Wealth Management LP raised its holdings in shares of PepsiCo by 8.3% during the second quarter. Lyell Wealth Management LP now owns 30,836 shares of the company’s stock valued at $5,086,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Hoge Financial Services LLC lifted its position in PepsiCo by 6.1% during the second quarter. Hoge Financial Services LLC now owns 3,225 shares of the company’s stock valued at $532,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock traded up $1.66 during midday trading on Monday, hitting $144.30. 2,726,331 shares of the company were exchanged, compared to its average volume of 6,575,621. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market capitalization of $197.98 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The business has a fifty day simple moving average of $157.35 and a two-hundred day simple moving average of $166.50. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Wells Fargo & Company cut their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $180.64.

About PepsiCo

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.