Addenda Capital Inc. Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Addenda Capital Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 84,915 shares of the company’s stock after acquiring an additional 749 shares during the quarter. Addenda Capital Inc.’s holdings in PepsiCo were worth $13,016,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp grew its stake in shares of PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the period. Geode Capital Management LLC grew its position in PepsiCo by 1.8% in the third quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock worth $5,170,529,000 after acquiring an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company’s stock valued at $3,632,413,000 after purchasing an additional 1,125,059 shares during the period. Legal & General Group Plc lifted its stake in shares of PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after purchasing an additional 905,468 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $148.25 on Tuesday. 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 business’s fifty day moving average price is $155.37 and its two-hundred day moving average price is $165.86. The stock has a market cap of $203.40 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Barclays lowered their price target on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their price target for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. One equities 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $178.60.

About PepsiCo

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.