Catalina Capital Group LLC Has $548,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Catalina Capital Group LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,606 shares of the company’s stock after selling 457 shares during the quarter. Catalina Capital Group LLC’s holdings in PepsiCo were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. AMF Tjanstepension AB raised its position in PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after buying an additional 40,031 shares during the last quarter. Czech National Bank raised its holdings in shares of PepsiCo by 6.8% in the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after purchasing an additional 17,833 shares during the last quarter. GAMMA Investing LLC boosted its holdings in PepsiCo by 22.9% during the third quarter. GAMMA Investing LLC now owns 25,124 shares of the company’s stock worth $4,272,000 after purchasing an additional 4,676 shares during the last quarter. Diversified Trust Co grew its position in PepsiCo by 3.9% in the 3rd quarter. Diversified Trust Co now owns 77,895 shares of the company’s stock worth $13,246,000 after purchasing an additional 2,950 shares in the last quarter. Finally, Smith Anglin Financial LLC lifted its position in shares of PepsiCo by 0.9% during the 3rd quarter. Smith Anglin Financial LLC now owns 8,222 shares of the company’s stock worth $1,398,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.8 %

PEP stock opened at $150.69 on Monday. The stock has a 50-day simple moving average of $153.12 and a two-hundred day simple moving average of $164.88. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market capitalization of $206.75 billion, a PE ratio of 22.23, a PEG ratio of 2.92 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued 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 (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

A number of analysts recently commented on PEP shares. Wells Fargo & Company decreased their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. TD Cowen cut their price target 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.73.

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.