Coerente Capital Management Purchases 1,403 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Coerente Capital Management raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,646 shares of the company’s stock after purchasing an additional 1,403 shares during the period. PepsiCo makes up about 3.8% of Coerente Capital Management’s portfolio, making the stock its 12th largest holding. Coerente Capital Management’s holdings in PepsiCo were worth $20,170,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brio Consultants LLC increased its stake in PepsiCo by 5.0% in the fourth quarter. Brio Consultants LLC now owns 1,879 shares of the company’s stock valued at $286,000 after acquiring an additional 89 shares during the last quarter. Independence Bank of Kentucky raised its position in PepsiCo by 35.3% in the fourth quarter. Independence Bank of Kentucky now owns 39,991 shares of the company’s stock valued at $6,081,000 after purchasing an additional 10,427 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in PepsiCo by 25.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 33,210 shares of the company’s stock worth $5,081,000 after buying an additional 6,764 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of PepsiCo by 5.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,093 shares of the company’s stock worth $2,212,000 after purchasing an additional 807 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of PepsiCo by 43.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 5,304 shares of the company’s stock valued at $806,000 after buying an additional 1,604 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price objective 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $172.00 target price on shares of PepsiCo in a research note on Wednesday. One equities 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Price Performance

PEP stock opened at $150.69 on Friday. The firm has a market capitalization of $206.75 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The firm has a 50 day moving average of $153.12 and a 200-day moving average of $164.88. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. PepsiCo’s dividend payout ratio (DPR) 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.