Monarch Capital Management Inc. Lowers Position in PepsiCo, Inc. (NASDAQ:PEP)

Monarch Capital Management Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,902 shares of the company’s stock after selling 100 shares during the quarter. Monarch Capital Management Inc.’s holdings in PepsiCo were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the third quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. Mattson Financial Services LLC purchased a new stake in PepsiCo during the 2nd quarter worth $34,000. Finally, Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $148.25 on Friday. The business has a 50 day simple moving average of $155.37 and a 200-day simple moving average of $165.83. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a market capitalization of $203.40 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PEP shares. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research 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. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price 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.