United Asset Strategies Inc. Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

United Asset Strategies Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,395 shares of the company’s stock after buying an additional 303 shares during the period. United Asset Strategies Inc.’s holdings in PepsiCo were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo during the fourth quarter valued at approximately $9,268,000. Apexium Financial LP raised its holdings in PepsiCo by 152.6% in the 4th quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock worth $686,000 after purchasing an additional 2,702 shares during the period. Capital Asset Advisory Services LLC lifted its position in PepsiCo by 0.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 26,261 shares of the company’s stock valued at $3,930,000 after purchasing an additional 232 shares in the last quarter. Blue Trust Inc. increased its position in PepsiCo by 16.4% in the fourth quarter. Blue Trust Inc. now owns 41,446 shares of the company’s stock worth $6,302,000 after buying an additional 5,844 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of PepsiCo by 1.3% in the fourth quarter. PFG Investments LLC now owns 56,487 shares of the company’s stock worth $8,589,000 after buying an additional 704 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada cut their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $177.00.

PepsiCo Stock Up 0.3 %

NASDAQ:PEP opened at $149.12 on Monday. The stock has a fifty day simple moving average of $153.88 and a 200-day simple moving average of $165.34. 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 company has a market cap of $204.59 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

PepsiCo Company 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.