Baltimore Washington Financial Advisors Inc. Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Baltimore Washington Financial Advisors Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,509 shares of the company’s stock after purchasing an additional 154 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in PepsiCo were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB raised its position in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the period. Czech National Bank grew its stake in PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after purchasing an additional 17,833 shares in the last quarter. GAMMA Investing LLC grew its stake in PepsiCo by 22.9% in the third quarter. GAMMA Investing LLC now owns 25,124 shares of the company’s stock worth $4,272,000 after purchasing an additional 4,676 shares in the last quarter. Diversified Trust Co grew its stake in PepsiCo by 3.9% in the third quarter. Diversified Trust Co now owns 77,895 shares of the company’s stock worth $13,246,000 after purchasing an additional 2,950 shares in the last quarter. Finally, Smith Anglin Financial LLC boosted its stake in PepsiCo by 0.9% in the third quarter. Smith Anglin Financial LLC now owns 8,222 shares of the company’s stock valued at $1,398,000 after acquiring an additional 70 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. 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. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $176.73.

PepsiCo Trading Down 0.3 %

Shares of NASDAQ:PEP opened at $150.27 on Tuesday. The stock has a market capitalization of $206.17 billion, a PE ratio of 22.16, a P/E/G ratio of 2.92 and a beta of 0.54. 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, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a fifty day moving average price of $153.12 and a 200 day moving average price of $164.85.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders 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 yield of 3.61%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend 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.