Donaldson Capital Management LLC Increases Stock Position in PepsiCo, Inc. $PEP

Donaldson Capital Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 202,258 shares of the company’s stock after purchasing an additional 3,850 shares during the quarter. Donaldson Capital Management LLC’s holdings in PepsiCo were worth $28,405,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Three Bridge Wealth Advisors LLC increased its holdings in PepsiCo by 1.8% during the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after buying an additional 68 shares during the last quarter. JSF Financial LLC grew its holdings in PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares during the period. Facet Wealth Inc. raised its stake in shares of PepsiCo by 3.2% in the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after buying an additional 69 shares during the period. Hudock Inc. increased its holdings in PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after acquiring an additional 70 shares during the last quarter. Finally, Binnacle Investments Inc lifted its holdings in PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Exane BNP Paribas raised PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. The Goldman Sachs Group lifted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Bank of America lifted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Barclays set a $148.00 price objective on shares of PepsiCo in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $159.29.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $153.63 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market capitalization of $210.06 billion, a PE ratio of 29.21, a PEG ratio of 4.89 and a beta of 0.42. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The business has a fifty day moving average price of $145.94 and a 200-day moving average price of $145.53.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s payout ratio is currently 108.17%.

About PepsiCo

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.