Ferguson Shapiro LLC Acquires 101 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ferguson Shapiro LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,806 shares of the company’s stock after acquiring an additional 101 shares during the period. Ferguson Shapiro LLC’s holdings in PepsiCo were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. Franklin Parlapiano Turner & Welch LLC raised its position in shares of PepsiCo by 2.7% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 45,527 shares of the company’s stock valued at $6,923,000 after buying an additional 1,201 shares during the last quarter. Hanson & Doremus Investment Management raised its position in PepsiCo by 25.8% in the fourth quarter. Hanson & Doremus Investment Management now owns 5,669 shares of the company’s stock worth $862,000 after purchasing an additional 1,162 shares in the last quarter. Plimoth Trust Co. LLC raised its position in PepsiCo by 3.6% in the fourth quarter. Plimoth Trust Co. LLC now owns 17,272 shares of the company’s stock worth $2,626,000 after purchasing an additional 604 shares in the last quarter. Ibex Wealth Advisors acquired a new position in PepsiCo in the fourth quarter worth about $217,000. Finally, Allen Capital Group LLC grew its stake in PepsiCo by 499.7% during the fourth quarter. Allen Capital Group LLC now owns 14,160 shares of the company’s stock worth $2,153,000 after buying an additional 11,799 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Piper Sandler started coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. One investment 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $176.73.

PepsiCo Trading Up 0.1 %

Shares of NASDAQ:PEP opened at $150.37 on Thursday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $153.68 and its 200 day simple moving average is $165.17. The firm has a market cap of $206.31 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.86 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.60%. PepsiCo’s payout ratio is currently 79.94%.

PepsiCo Company 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.