Tudor Financial Inc. Purchases 2,538 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tudor Financial Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 69.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,179 shares of the company’s stock after purchasing an additional 2,538 shares during the quarter. Tudor Financial Inc.’s holdings in PepsiCo were worth $939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Addenda Capital Inc. lifted its holdings in PepsiCo by 0.9% in the fourth quarter. Addenda Capital Inc. now owns 84,915 shares of the company’s stock valued at $13,016,000 after buying an additional 749 shares during the period. Koshinski Asset Management Inc. lifted its holdings in PepsiCo by 2.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 23,195 shares of the company’s stock valued at $3,527,000 after buying an additional 485 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in PepsiCo by 7.6% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,967 shares of the company’s stock valued at $299,000 after buying an additional 139 shares during the period. Sky Investment Group LLC raised its holdings in PepsiCo by 2.6% in the fourth quarter. Sky Investment Group LLC now owns 75,791 shares of the company’s stock worth $11,525,000 after purchasing an additional 1,924 shares during the period. Finally, Prairiewood Capital LLC acquired a new stake in PepsiCo in the fourth quarter worth $274,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company cut their target price 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. Royal Bank of Canada cut their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Performance

NASDAQ PEP opened at $148.25 on Tuesday. The firm has a 50-day moving average of $155.37 and a 200-day moving average of $165.86. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a market cap of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.