Tompkins Financial Corp Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Tompkins Financial Corp increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,129 shares of the company’s stock after buying an additional 4,183 shares during the period. Tompkins Financial Corp’s holdings in PepsiCo were worth $10,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its stake in shares of PepsiCo by 190.5% during the second quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock valued at $2,206,000 after purchasing an additional 8,772 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in PepsiCo by 2.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 231,170 shares of the company’s stock worth $38,127,000 after buying an additional 4,912 shares during the period. Paces Ferry Wealth Advisors LLC boosted its position in PepsiCo by 17.9% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,506 shares of the company’s stock valued at $248,000 after acquiring an additional 229 shares in the last quarter. Altrius Capital Management Inc raised its position in shares of PepsiCo by 2.2% in the 2nd quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock worth $3,903,000 after acquiring an additional 504 shares in the last quarter. Finally, Miramar Capital LLC lifted its stake in shares of PepsiCo by 12.6% during the 2nd quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock worth $19,641,000 after purchasing an additional 13,326 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. 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 report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and increased their target price for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $180.27.

PepsiCo Stock Performance

NASDAQ PEP opened at $146.58 on Friday. The firm has a market capitalization of $201.11 billion, a P/E ratio of 21.62, a PEG ratio of 2.57 and a beta of 0.54. The stock has a 50-day simple moving average of $156.06 and a two-hundred day simple moving average of $166.05. 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, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

PepsiCo 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.