Jeppson Wealth Management LLC Has $1.12 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Jeppson Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,395 shares of the company’s stock after acquiring an additional 282 shares during the period. Jeppson Wealth Management LLC’s holdings in PepsiCo were worth $1,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scientech Research LLC acquired a new position in PepsiCo during the 2nd quarter worth $325,000. Magnolia Capital Advisors LLC bought a new stake in shares of PepsiCo during the second quarter worth $1,421,000. Covington Investment Advisors Inc. boosted its holdings in PepsiCo by 1.7% in the second quarter. Covington Investment Advisors Inc. now owns 25,357 shares of the company’s stock valued at $4,182,000 after acquiring an additional 429 shares during the last quarter. Invst LLC increased its position in PepsiCo by 28.1% in the second quarter. Invst LLC now owns 2,870 shares of the company’s stock worth $467,000 after purchasing an additional 630 shares during the period. Finally, Quarry LP raised its holdings in PepsiCo by 409.7% during the 2nd quarter. Quarry LP now owns 892 shares of the company’s stock worth $147,000 after purchasing an additional 717 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 3.7 %

Shares of NASDAQ:PEP opened at $154.61 on Tuesday. The firm has a market cap of $212.12 billion, a price-to-earnings ratio of 22.80, 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, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company’s fifty day simple moving average is $153.88 and its 200 day simple moving average is $165.35.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.51%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $177.00.

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.