Frank Rimerman Advisors LLC Purchases 4,377 Shares of PepsiCo, Inc. $PEP

Frank Rimerman Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,841 shares of the company’s stock after purchasing an additional 4,377 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in PepsiCo were worth $2,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $27,000. JCIC Asset Management Inc. bought a new stake in PepsiCo in the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its holdings in shares of PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC raised its position in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $153.63 on Friday. The firm has a market cap of $210.06 billion, a PE ratio of 29.21, a P/E/G 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 company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a fifty day simple moving average of $145.94 and a two-hundred day simple moving average of $145.45.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Exane BNP Paribas raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Rothschild & Co Redburn increased their target price on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th. Finally, Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $159.29.

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.