PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,272 shares of the company’s stock after purchasing an additional 604 shares during the period. Plimoth Trust Co. LLC’s holdings in PepsiCo were worth $2,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Ibex Wealth Advisors bought a new position in PepsiCo in the 4th quarter worth about $217,000. Allen Capital Group LLC boosted its position in shares of PepsiCo by 499.7% during the fourth quarter. Allen Capital Group LLC now owns 14,160 shares of the company’s stock worth $2,153,000 after buying an additional 11,799 shares during the period. Valicenti Advisory Services Inc. grew its holdings in PepsiCo by 7.5% in the 4th quarter. Valicenti Advisory Services Inc. now owns 49,666 shares of the company’s stock worth $7,552,000 after buying an additional 3,448 shares in the last quarter. Strategic Blueprint LLC raised its stake in PepsiCo by 2.6% during the 4th quarter. Strategic Blueprint LLC now owns 15,436 shares of the company’s stock valued at $2,347,000 after acquiring an additional 391 shares in the last quarter. Finally, Iams Wealth Management LLC boosted its position in PepsiCo by 14.5% during the 4th quarter. Iams Wealth Management LLC now owns 7,669 shares of the company’s stock worth $1,166,000 after acquiring an additional 971 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.73.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ:PEP opened at $150.37 on Thursday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $206.31 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The firm has a 50 day simple moving average of $153.68 and a 200 day simple moving average of $165.17.

PepsiCo Announces Dividend

The firm 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 yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

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.