PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Willner & Heller LLC

Willner & Heller LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,700 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Willner & Heller LLC’s holdings in PepsiCo were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PEP. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its holdings in shares of PepsiCo by 1.2% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 9,486 shares of the company’s stock valued at $1,442,000 after buying an additional 115 shares during the period. Diversify Wealth Management LLC boosted its stake in PepsiCo by 61.1% during the fourth quarter. Diversify Wealth Management LLC now owns 35,395 shares of the company’s stock valued at $5,049,000 after buying an additional 13,423 shares in the last quarter. LVW Advisors LLC grew its holdings in PepsiCo by 6.5% during the fourth quarter. LVW Advisors LLC now owns 19,236 shares of the company’s stock worth $2,925,000 after acquiring an additional 1,178 shares during the period. Finally, Eldred Rock Partners LLC raised its position in PepsiCo by 0.5% in the fourth quarter. Eldred Rock Partners LLC now owns 64,462 shares of the company’s stock worth $9,793,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PEP shares. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and lifted their price target for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $178.60.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.25 on Monday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock’s 50-day moving average is $155.37 and its two-hundred day moving average is $165.86. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

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 dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

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.