PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,356 shares of the company’s stock after selling 147 shares during the period. Baader Bank Aktiengesellschaft’s holdings in PepsiCo were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC lifted its holdings in shares of PepsiCo by 0.7% in the second quarter. Clearbridge Investments LLC now owns 1,405,977 shares of the company’s stock valued at $231,888,000 after purchasing an additional 9,951 shares in the last quarter. RiverFront Investment Group LLC raised its holdings in shares of PepsiCo by 9.1% during the second quarter. RiverFront Investment Group LLC now owns 3,485 shares of the company’s stock worth $575,000 after acquiring an additional 290 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of PepsiCo during the second quarter worth $141,000. Centennial Bank AR raised its holdings in shares of PepsiCo by 1.7% during the second quarter. Centennial Bank AR now owns 5,086 shares of the company’s stock worth $838,000 after acquiring an additional 83 shares in the last quarter. Finally, Creekside Partners purchased a new stake in shares of PepsiCo during the second quarter worth $588,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft cut 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. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Barclays lowered their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Up 0.1 %

Shares of PEP opened at $150.37 on Thursday. The stock has a market cap of $206.31 billion, a price-to-earnings ratio of 22.18, a P/E/G 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 has a 50-day moving average price of $153.68 and a two-hundred day moving average price of $165.17.

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 dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is 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.