Anchor Capital Advisors LLC Has $18.20 Million Stock Holdings in PepsiCo, Inc. $PEP

Anchor Capital Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,621 shares of the company’s stock after purchasing an additional 29,190 shares during the quarter. Anchor Capital Advisors LLC’s holdings in PepsiCo were worth $18,204,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Claris Advisors LLC MO boosted its stake in PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares during the period. Clayton Financial Group LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $872,000. Naples Global Advisors LLC grew its stake in shares of PepsiCo by 2.3% during the second quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock worth $3,469,000 after purchasing an additional 592 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in PepsiCo by 2.6% in the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after purchasing an additional 4,627 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.9%

PEP opened at $147.66 on Wednesday. The stock has a market capitalization of $201.90 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 4.79 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The company has a 50-day simple moving average of $145.74 and a 200 day simple moving average of $144.89.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PEP shares. Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday, October 23rd. Piper Sandler lifted their price objective on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $161.32.

PepsiCo 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.