PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,612 shares of the company’s stock after buying an additional 2,774 shares during the period. Osborne Partners Capital Management LLC’s holdings in PepsiCo were worth $10,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter valued at about $44,000. Finally, Global Wealth Strategies & Associates raised its stake in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after acquiring an additional 231 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ PEP opened at $150.69 on Friday. The business has a 50-day moving average of $153.12 and a two-hundred day moving average of $164.88. The company has a market capitalization of $206.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

Several research firms recently weighed in on PEP. TD Cowen dropped their target price 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. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $172.00 price target on shares of PepsiCo in a research note on Wednesday. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One 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’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $176.73.

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.