PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 35.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,274 shares of the company’s stock after acquiring an additional 8,480 shares during the quarter. PepsiCo makes up 1.2% of Compass Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Compass Wealth Management LLC’s holdings in PepsiCo were worth $4,908,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEP. State Street Corp boosted its holdings in PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares during the period. Geode Capital Management LLC boosted its holdings in PepsiCo by 1.8% in the third quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock valued at $5,170,529,000 after purchasing an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company’s stock valued at $3,632,413,000 after buying an additional 1,125,059 shares during the period. Legal & General Group Plc grew its holdings in PepsiCo by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after acquiring an additional 905,468 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.3 %

PEP opened at $149.12 on Friday. The business’s fifty day simple moving average is $153.88 and its 200 day simple moving average is $165.31. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm has a market cap of $204.59 billion, a P/E ratio of 21.99, a PEG ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo’s payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PEP shares. Barclays dropped their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Finally, 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 report on Tuesday, January 7th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $177.00.

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.