PepsiCo, Inc. $PEP Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,427 shares of the company’s stock after buying an additional 5,143 shares during the period. Evergreen Capital Management LLC’s holdings in PepsiCo were worth $8,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of PEP. Three Bridge Wealth Advisors LLC boosted its stake in PepsiCo by 1.8% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after purchasing an additional 68 shares in the last quarter. JSF Financial LLC lifted its stake in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after buying an additional 69 shares during the period. Hudock Inc. grew its holdings in shares of PepsiCo by 1.0% during the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after buying an additional 70 shares during the last quarter. Binnacle Investments Inc raised its stake in PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares during the last quarter. Finally, Dogwood Wealth Management LLC grew its stake in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PEP shares. JPMorgan Chase & Co. upgraded PepsiCo from a “neutral” rating to an “overweight” rating and upped their target price for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. HSBC increased their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group upped their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $161.32.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $146.32 on Friday. The firm has a market cap of $200.07 billion, a PE ratio of 27.82, a P/E/G ratio of 4.80 and a beta of 0.42. The business has a 50-day moving average price of $145.62 and a 200 day moving average price of $144.61. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.