PFG Investments LLC Has $8.59 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

PFG Investments LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,487 shares of the company’s stock after buying an additional 704 shares during the quarter. PepsiCo makes up about 0.5% of PFG Investments LLC’s portfolio, making the stock its 28th biggest position. PFG Investments LLC’s holdings in PepsiCo were worth $8,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter valued at approximately $31,000. Mattson Financial Services LLC bought a new position in PepsiCo in the second quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the third 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. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays reduced their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $177.00.

PepsiCo Price Performance

PepsiCo stock opened at $149.12 on Monday. The stock has a market capitalization of $204.59 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a fifty day moving average of $153.88 and a 200-day moving average of $165.34.

PepsiCo Dividend Announcement

The company also recently disclosed 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 3.63%. PepsiCo’s dividend payout ratio is currently 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.