PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Guinness Asset Management LTD

Guinness Asset Management LTD raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,236,788 shares of the company’s stock after buying an additional 61,541 shares during the quarter. PepsiCo makes up approximately 3.5% of Guinness Asset Management LTD’s investment portfolio, making the stock its 16th largest position. Guinness Asset Management LTD owned about 0.09% of PepsiCo worth $188,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. M.E. Allison & CO. Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $215,000. Willner & Heller LLC grew its position in PepsiCo by 12.4% in the fourth quarter. Willner & Heller LLC now owns 3,700 shares of the company’s stock worth $563,000 after acquiring an additional 407 shares during the period. Lincoln Capital LLC lifted its stake in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in PepsiCo by 1.2% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 9,486 shares of the company’s stock valued at $1,442,000 after buying an additional 115 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in PepsiCo by 61.1% during the fourth quarter. Diversify Wealth Management LLC now owns 35,395 shares of the company’s stock worth $5,049,000 after buying an additional 13,423 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $148.25 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a 50 day moving average price of $155.37 and a 200 day moving average price of $165.86. The company has a market capitalization of $203.40 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. UBS Group lowered their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $178.60.

PepsiCo Profile

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.