Dillon & Associates Inc. Has $5.05 Million Stake in PepsiCo, Inc. $PEP

Dillon & Associates Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,041 shares of the company’s stock after selling 10,840 shares during the quarter. Dillon & Associates Inc.’s holdings in PepsiCo were worth $5,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of PEP. Evolution Wealth Management Inc. bought a new stake in PepsiCo in the second quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the second quarter worth $29,000. Vermillion & White Wealth Management Group LLC lifted its position in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP opened at $146.57 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock’s 50-day moving average price is $145.55 and its 200-day moving average price is $144.51. The stock has a market capitalization of $200.41 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 4.78 and a beta of 0.42. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group dropped their target price on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $151.00 to $164.00 in a report on Wednesday, December 10th. Citigroup raised their price target on PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Piper Sandler boosted their target price on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $158.58.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.