Rovin Capital UT ADV Has $434,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Rovin Capital UT ADV grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,854 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Rovin Capital UT ADV’s holdings in PepsiCo were worth $434,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Global Wealth Strategies & Associates increased its holdings in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in PepsiCo in the second quarter worth $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP opened at $144.78 on Thursday. The firm has a 50-day moving average of $156.46 and a 200 day moving average of $166.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market cap of $198.64 billion, a P/E ratio of 21.35, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.74%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PEP shares. Wells Fargo & Company cut their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.64.

PepsiCo Company 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.