PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Lantz Financial LLC

Lantz Financial LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 13,746 shares of the company’s stock after buying an additional 533 shares during the quarter. Lantz Financial LLC’s holdings in PepsiCo were worth $2,090,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PepsiCo during the second quarter valued at about $223,000. MBB Public Markets I LLC grew its stake in PepsiCo by 2,015.4% during the 2nd quarter. MBB Public Markets I LLC now owns 97,688 shares of the company’s stock valued at $16,112,000 after purchasing an additional 93,070 shares in the last quarter. Lummis Asset Management LP increased its holdings in PepsiCo by 0.7% during the 2nd quarter. Lummis Asset Management LP now owns 11,442 shares of the company’s stock worth $1,887,000 after purchasing an additional 76 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at approximately $4,123,000. Finally, Legal & General Group Plc boosted its stake in shares of PepsiCo by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after buying an additional 905,468 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada cut their price target 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. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.00.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $149.12 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average is $153.88 and its two-hundred day moving average is $165.31. The firm has a market capitalization of $204.59 billion, a P/E ratio of 21.99, a PEG ratio of 2.86 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 Dividend Announcement

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