By otakuyassine3@gmail.com 
Westmount Partners LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,926 shares of the company’s stock after selling 157 shares during the period. Westmount Partners LLC’s holdings in PepsiCo were worth $1,053,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Global Wealth Strategies & Associates increased its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Cross Staff Investments Inc boosted its holdings in PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock worth $1,204,000 after acquiring an additional 60 shares during the period. Paulson Wealth Management Inc. boosted its stake in shares of PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after buying an additional 60 shares during the last quarter. LCM Capital Management Inc boosted its stake in shares of PepsiCo by 0.8% during the 3rd quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after buying an additional 62 shares during the last quarter. Finally, Demars Financial Group LLC boosted its stake in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after buying an additional 62 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo Price Performance
PEP stock traded up $1.93 during trading hours on Monday, hitting $144.57. 3,707,499 shares of the stock traded hands, compared to its average volume of 6,725,738. The stock has a 50-day simple moving average of $157.35 and a 200 day simple moving average of $166.50. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $198.35 billion, a P/E ratio of 21.32, a P/E/G ratio of 2.94 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $180.64.
Get Our Latest Analysis on PepsiCo
PepsiCo 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.
Recommended Stories
Receive News & Ratings for PepsiCo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PepsiCo and related companies with MarketBeat.com’s FREE daily email newsletter.