MCF Advisors LLC Has $1.38 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

MCF Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,988 shares of the company’s stock after selling 427 shares during the quarter. MCF Advisors LLC’s holdings in PepsiCo were worth $1,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Verum Partners LLC increased its position in PepsiCo by 8.8% in the 4th quarter. Verum Partners LLC now owns 1,757 shares of the company’s stock valued at $267,000 after acquiring an additional 142 shares during the period. Octavia Wealth Advisors LLC boosted its position in shares of PepsiCo by 8.1% during the 4th quarter. Octavia Wealth Advisors LLC now owns 19,425 shares of the company’s stock valued at $2,980,000 after purchasing an additional 1,448 shares in the last quarter. Commons Capital LLC increased its stake in shares of PepsiCo by 7.7% in the 4th quarter. Commons Capital LLC now owns 3,421 shares of the company’s stock valued at $520,000 after acquiring an additional 244 shares in the last quarter. Roberts Wealth Advisors LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $298,000. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in PepsiCo by 19.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company’s stock valued at $59,614,000 after acquiring an additional 62,808 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $148.55 on Wednesday. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s fifty day simple moving average is $155.05 and its 200-day simple moving average is $165.76. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research reports. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their target price on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays lowered their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.