Donaldson Capital Management LLC Purchases 3,850 Shares of PepsiCo, Inc. $PEP

Donaldson Capital Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,258 shares of the company’s stock after buying an additional 3,850 shares during the quarter. Donaldson Capital Management LLC’s holdings in PepsiCo were worth $28,405,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth approximately $27,000. JCIC Asset Management Inc. bought a new position in PepsiCo during the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC raised its position in shares of PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after buying an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in 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 during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. UBS Group reduced their price target on PepsiCo from $172.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Piper Sandler raised their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. HSBC lifted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Rothschild & Co Redburn upped their target price on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research report on Monday, December 15th. Finally, Jefferies Financial Group upped their target price on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.29.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.63 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market cap of $210.06 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42. The firm has a 50 day moving average of $145.94 and a 200-day moving average of $145.53. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

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.