Narwhal Capital Management Buys 3,197 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Narwhal Capital Management lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,612 shares of the company’s stock after acquiring an additional 3,197 shares during the period. Narwhal Capital Management’s holdings in PepsiCo were worth $8,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of PepsiCo by 8.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,611 shares of the company’s stock worth $3,590,000 after acquiring an additional 1,900 shares during the last quarter. Stablepoint Partners LLC raised its stake in shares of PepsiCo by 1.3% in the fourth quarter. Stablepoint Partners LLC now owns 36,182 shares of the company’s stock worth $5,502,000 after purchasing an additional 459 shares during the last quarter. Clarendon Private LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $693,000. Vista Investment Partners LLC grew its holdings in PepsiCo by 0.9% during the fourth quarter. Vista Investment Partners LLC now owns 25,519 shares of the company’s stock worth $3,880,000 after buying an additional 236 shares in the last quarter. Finally, Marshall Financial Group LLC raised its position in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after buying an additional 70 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $149.12 on Monday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $204.59 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a 50 day moving average of $153.88 and a 200 day moving average of $165.34.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors 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 3.63%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $177.00.

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.