Boston Research & Management Inc. Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Boston Research & Management Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,948 shares of the company’s stock after selling 115 shares during the quarter. PepsiCo comprises 1.7% of Boston Research & Management Inc.’s holdings, making the stock its 23rd largest position. Boston Research & Management Inc.’s holdings in PepsiCo were worth $5,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in PepsiCo by 100.8% during the third quarter. Nordea Investment Management AB now owns 14,442,816 shares of the company’s stock worth $2,202,097,000 after acquiring an additional 7,251,806 shares during the last quarter. Lincoln National Corp grew its stake in shares of PepsiCo by 7.5% in the second quarter. Lincoln National Corp now owns 25,712 shares of the company’s stock valued at $3,810,000 after buying an additional 1,786 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of PepsiCo by 10.9% in the third quarter. NN Investment Partners Holdings N.V. now owns 623,410 shares of the company’s stock valued at $93,768,000 after buying an additional 61,230 shares in the last quarter. Transcend Wealth Collective LLC boosted its holdings in PepsiCo by 41.9% in the second quarter. Transcend Wealth Collective LLC now owns 26,470 shares of the company’s stock valued at $3,926,000 after purchasing an additional 7,822 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its holdings in PepsiCo by 11.2% in the second quarter. Berkshire Asset Management LLC PA now owns 145,874 shares of the company’s stock valued at $21,614,000 after purchasing an additional 14,712 shares during the period. Institutional investors and hedge funds own 70.76% of the company’s stock.

In related news, CFO Hugh F. Johnston sold 37,266 shares of the stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $160.30, for a total transaction of $5,973,739.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Shares of PEP stock traded up $1.60 during trading hours on Friday, reaching $175.78. 62,915 shares of the company were exchanged, compared to its average volume of 5,229,122. PepsiCo, Inc. has a fifty-two week low of $128.32 and a fifty-two week high of $175.84. The stock’s fifty day moving average is $167.74 and its two-hundred day moving average is $159.76. The company has a market cap of $243.04 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 3.05 and a beta of 0.65. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.95 and a quick ratio of 0.77.

The company also recently announced a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Friday, December 3rd were paid a $1.075 dividend. This represents a $4.30 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, December 2nd. PepsiCo’s payout ratio is presently 73.25%.

Several research firms have recently weighed in on PEP. Barclays boosted their target price on PepsiCo from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 6th. UBS Group boosted their price target on PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Guggenheim upped their target price on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 21st. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $160.00 target price on shares of PepsiCo in a research note on Thursday, October 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $165.00.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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