Capital Investment Advisory Services LLC Acquires 182 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Investment Advisory Services LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,310 shares of the company’s stock after purchasing an additional 182 shares during the period. Capital Investment Advisory Services LLC’s holdings in PepsiCo were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PEP. Global Wealth Strategies & Associates raised its stake in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the third quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo during the second quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PEP. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $172.00 price objective on shares of PepsiCo in a report on Wednesday. One 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Price Performance

Shares of PEP opened at $151.90 on Friday. The company has a market capitalization of $208.41 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $153.51 and a 200 day moving average of $165.07. 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. 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 dividend yield of 3.57%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 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.