Commons Capital LLC Acquires 244 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Commons Capital LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,421 shares of the company’s stock after buying an additional 244 shares during the period. Commons Capital LLC’s holdings in PepsiCo were worth $520,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Roberts Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $298,000. Fort Washington Investment Advisors Inc. OH raised its holdings in PepsiCo by 19.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 392,044 shares of the company’s stock worth $59,614,000 after purchasing an additional 62,808 shares during the period. Transform Wealth LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $274,000. Clear Harbor Asset Management LLC increased its position in shares of PepsiCo by 56.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,908 shares of the company’s stock valued at $1,050,000 after buying an additional 2,487 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its holdings in PepsiCo by 8.6% during the fourth quarter. Charles Schwab Trust Co now owns 8,868 shares of the company’s stock worth $1,348,000 after acquiring an additional 705 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2 %

Shares of PEP stock opened at $148.55 on Wednesday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market cap of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. The firm’s 50-day moving average is $155.05 and its 200-day moving average is $165.76. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and lifted their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $178.60.

About PepsiCo

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.