Orser Capital Management LLC Has $2.39 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Orser Capital Management LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,686 shares of the company’s stock after selling 540 shares during the quarter. PepsiCo comprises 1.8% of Orser Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Orser Capital Management LLC’s holdings in PepsiCo were worth $2,385,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Godsey & Gibb Inc. grew its stake in PepsiCo by 2.1% in the fourth quarter. Godsey & Gibb Inc. now owns 117,494 shares of the company’s stock valued at $17,866,000 after acquiring an additional 2,377 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of PepsiCo by 5.2% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,226 shares of the company’s stock valued at $1,859,000 after buying an additional 604 shares during the last quarter. Burney Co. increased its position in shares of PepsiCo by 2.1% during the fourth quarter. Burney Co. now owns 21,887 shares of the company’s stock worth $3,328,000 after acquiring an additional 448 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of PepsiCo by 3.3% in the 4th quarter. Wolff Wiese Magana LLC now owns 13,127 shares of the company’s stock worth $1,996,000 after acquiring an additional 415 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in PepsiCo by 1.1% during the 4th quarter. Apella Capital LLC now owns 9,995 shares of the company’s stock valued at $1,520,000 after purchasing an additional 111 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $180.64.

PepsiCo Stock Performance

PepsiCo stock opened at $144.78 on Thursday. The firm’s 50 day simple moving average is $156.46 and its 200 day simple moving average is $166.20. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market capitalization of $198.64 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently announced 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. This represents a $5.42 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

About PepsiCo

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.