Bath Savings Trust Co lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,497 shares of the company’s stock after selling 675 shares during the quarter. PepsiCo comprises about 1.2% of Bath Savings Trust Co’s investment portfolio, making the stock its 28th biggest holding. Bath Savings Trust Co’s holdings in PepsiCo were worth $12,498,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in PEP. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Global Wealth Strategies & Associates grew its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the period. POM Investment Strategies LLC increased its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at $30,000. Finally, Fortis Group Advisors LLC increased its stake in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Down 0.5 %
PEP opened at $167.21 on Tuesday. PepsiCo, Inc. has a 52 week low of $157.43 and a 52 week high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The firm has a 50-day simple moving average of $173.80 and a two-hundred day simple moving average of $172.11. The company has a market capitalization of $229.67 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. PepsiCo’s payout ratio is currently 78.66%.
Analyst Ratings Changes
Several research firms have issued reports on PEP. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $182.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Wells Fargo & Company decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $185.29.
Get Our Latest Research Report on PEP
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.
See Also
- Five stocks we like better than PepsiCo
- How to Use the MarketBeat Stock Screener
- Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out
- What Are Dividend Contenders? Investing in Dividend Contenders
- Affirm’s Path to Profitability Elevates with Interest Rate Cuts
- The Risks of Owning Bonds
- RPM International Thrives in Rate-Cut Driven Construction Rally
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
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.