Buttonwood Financial Advisors Inc. Acquires 344 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Buttonwood Financial Advisors Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,527 shares of the company’s stock after purchasing an additional 344 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in PepsiCo were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PEP. United Asset Strategies Inc. increased its holdings in shares of PepsiCo by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 12,395 shares of the company’s stock worth $1,885,000 after buying an additional 303 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in PepsiCo during the 4th quarter valued at $9,268,000. Apexium Financial LP raised its position in PepsiCo by 152.6% in the 4th quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock valued at $686,000 after purchasing an additional 2,702 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in PepsiCo by 0.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 26,261 shares of the company’s stock worth $3,930,000 after purchasing an additional 232 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of PepsiCo by 16.4% in the fourth quarter. Blue Trust Inc. now owns 41,446 shares of the company’s stock valued at $6,302,000 after buying an additional 5,844 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.3 %

Shares of PEP opened at $149.12 on Monday. The firm’s 50-day simple moving average is $153.88 and its 200 day simple moving average is $165.34. 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 firm has a market cap of $204.59 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research analyst reports. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Piper Sandler assumed coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. 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 note on Friday, October 4th. Finally, TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $177.00.

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.