Exchange Traded Concepts LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Exchange Traded Concepts LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,594 shares of the company’s stock after acquiring an additional 15,389 shares during the period. Exchange Traded Concepts LLC’s holdings in PepsiCo were worth $19,250,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. CX Institutional lifted its holdings in PepsiCo by 6.9% in the 4th quarter. CX Institutional now owns 44,034 shares of the company’s stock worth $6,696,000 after purchasing an additional 2,850 shares in the last quarter. Encompass More Asset Management raised its position in shares of PepsiCo by 7.8% during the fourth quarter. Encompass More Asset Management now owns 2,622 shares of the company’s stock valued at $399,000 after buying an additional 190 shares during the last quarter. Southland Equity Partners LLC lifted its holdings in shares of PepsiCo by 14.8% in the fourth quarter. Southland Equity Partners LLC now owns 13,745 shares of the company’s stock worth $2,090,000 after buying an additional 1,774 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of PepsiCo by 1.9% during the fourth quarter. Sound Income Strategies LLC now owns 5,360 shares of the company’s stock worth $815,000 after acquiring an additional 101 shares during the last quarter. Finally, LexAurum Advisors LLC increased its holdings in PepsiCo by 14.2% in the 4th quarter. LexAurum Advisors LLC now owns 2,710 shares of the company’s stock valued at $412,000 after acquiring an additional 336 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.3 %

Shares of PEP opened at $148.24 on Friday. The firm has a market capitalization of $203.38 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a fifty day moving average price of $154.40 and a 200-day moving average price of $165.52. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The business also recently announced 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 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, 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 research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $178.20.

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.