WASHINGTON TRUST Co lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,089 shares of the company’s stock after acquiring an additional 9,983 shares during the period. PepsiCo makes up 1.2% of WASHINGTON TRUST Co’s portfolio, making the stock its 22nd biggest position. WASHINGTON TRUST Co’s holdings in PepsiCo were worth $37,920,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. lifted its position in shares of PepsiCo by 7.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 4,360 shares of the company’s stock worth $617,000 after buying an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in PepsiCo by 4.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,267,766 shares of the company’s stock valued at $323,221,000 after buying an additional 100,487 shares during the period. Atlas Private Wealth Advisors increased its stake in PepsiCo by 16.4% during the 1st quarter. Atlas Private Wealth Advisors now owns 4,719 shares of the company’s stock valued at $667,000 after buying an additional 665 shares during the period. Wilkinson Global Asset Management LLC acquired a new position in PepsiCo during the 1st quarter valued at about $242,000. Finally, Howland Capital Management LLC increased its stake in PepsiCo by 1.8% during the 1st quarter. Howland Capital Management LLC now owns 51,459 shares of the company’s stock valued at $7,279,000 after buying an additional 907 shares during the period. 69.94% of the stock is owned by institutional investors and hedge funds.
PEP stock opened at $145.79 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The stock has a market cap of $201.43 billion, a P/E ratio of 28.87, a P/E/G ratio of 3.63 and a beta of 0.57. The firm has a 50 day simple moving average of $141.53 and a 200 day simple moving average of $140.48. PepsiCo, Inc. has a 52 week low of $126.53 and a 52 week high of $148.77.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were issued a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, March 4th. PepsiCo’s dividend payout ratio is currently 73.96%.
Several brokerages have recently issued reports on PEP. Wolfe Research began coverage on shares of PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating on the stock. Barclays raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price objective on the stock in a research note on Monday, March 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, April 22nd. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. Finally, Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective on the stock. in a research note on Monday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. PepsiCo has an average rating of “Hold” and an average price target of $149.23.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company 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.
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