Diversified Trust Co grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,785 shares of the company’s stock after acquiring an additional 827 shares during the quarter. Diversified Trust Co’s holdings in PepsiCo were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in PEP. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $201,000. Bouchey Financial Group Ltd purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $214,000. Oakmont Partners LLC purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $220,000. KCS Wealth Advisory purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $239,000. Finally, White Lighthouse Investment Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $240,000. 70.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of PepsiCo, Inc. (PEP) opened at $112.75 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of $160,090.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.68 and a beta of 0.69. PepsiCo, Inc. has a 1 year low of $106.19 and a 1 year high of $122.51.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 63.26%.
PepsiCo announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of research firms recently issued reports on PEP. SunTrust Banks began coverage on PepsiCo in a report on Monday, January 29th. They set a “hold” rating and a $125.00 price objective for the company. Credit Suisse Group restated a “neutral” rating and set a $124.00 price objective (up previously from $122.00) on shares of PepsiCo in a report on Thursday, February 1st. Stifel Nicolaus restated a “hold” rating and set a $120.00 price objective on shares of PepsiCo in a report on Friday, December 22nd. Cowen restated a “buy” rating and set a $133.00 price objective on shares of PepsiCo in a report on Tuesday, January 9th. Finally, Deutsche Bank began coverage on PepsiCo in a report on Wednesday, December 13th. They set a “buy” rating and a $132.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $123.04.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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