Michael S. Ryan Inc. Invests $354,000 in PepsiCo, Inc. (NASDAQ:PEP)

Michael S. Ryan Inc. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) in the third quarter, Holdings Channel reports. The fund acquired 2,168 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in PepsiCo by 100,174.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 531,509,481 shares of the company’s stock valued at $98,446,186,000 after purchasing an additional 530,979,425 shares during the period. BlackRock Inc. raised its stake in PepsiCo by 0.9% during the 2nd quarter. BlackRock Inc. now owns 110,578,365 shares of the company’s stock valued at $20,481,325,000 after acquiring an additional 987,829 shares in the last quarter. State Street Corp raised its stake in PepsiCo by 0.8% during the 2nd quarter. State Street Corp now owns 59,055,838 shares of the company’s stock valued at $10,938,322,000 after acquiring an additional 489,175 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in PepsiCo by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 27,063,800 shares of the company’s stock valued at $4,998,981,000 after acquiring an additional 937,277 shares in the last quarter. Institutional investors and hedge funds own 71.40% of the company’s stock.

Insider Buying and Selling

In related news, CFO Hugh F. Johnston sold 48,388 shares of PepsiCo stock in a transaction on Friday, November 10th. The stock was sold at an average price of $166.65, for a total value of $8,063,860.20. Following the transaction, the chief financial officer now directly owns 96,627 shares in the company, valued at approximately $16,102,889.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $165.66 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $227.76 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.49 and a beta of 0.53. The stock’s fifty day simple moving average is $168.21 and its 200 day simple moving average is $173.30. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, November 30th. PepsiCo’s payout ratio is 84.33%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Evercore ISI cut their target price on PepsiCo from $195.00 to $185.00 in a research note on Tuesday, October 3rd. Argus cut their target price on PepsiCo from $212.00 to $186.00 in a research note on Wednesday, October 11th. Wedbush cut their target price on PepsiCo from $206.00 to $195.00 and set an “outperform” rating on the stock in a research note on Monday, October 9th. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price objective on the stock in a research note on Thursday, October 19th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $186.79.

Check Out Our Latest Stock Analysis on PEP

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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