PepsiCo, Inc. (NASDAQ:PEP) Stake Reduced by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,910 shares of the company’s stock after selling 100 shares during the period. PepsiCo comprises approximately 2.7% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Stonebridge Capital Management Inc.’s holdings in PepsiCo were worth $6,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. StrongBox Wealth LLC boosted its holdings in PepsiCo by 3.0% in the fourth quarter. StrongBox Wealth LLC now owns 16,331 shares of the company’s stock valued at $2,483,000 after acquiring an additional 479 shares in the last quarter. Financial Enhancement Group LLC bought a new position in PepsiCo in the fourth quarter worth about $396,000. Flywheel Private Wealth LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $414,000. Rovin Capital UT ADV boosted its stake in PepsiCo by 3.7% during the fourth quarter. Rovin Capital UT ADV now owns 2,854 shares of the company’s stock worth $434,000 after acquiring an additional 103 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in PepsiCo in the fourth quarter worth $195,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $144.78 on Thursday. The stock has a market capitalization of $198.64 billion, a PE ratio of 21.35, a P/E/G ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The business has a 50 day simple moving average of $156.46 and a two-hundred day simple moving average of $166.20. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company reduced their price target 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. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and raised their target price for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $180.64.

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.