Whalerock Point Partners LLC Takes Position in Pepsico, Inc. (PEP)

Whalerock Point Partners LLC purchased a new stake in shares of Pepsico, Inc. (NYSE:PEP) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 45,266 shares of the company’s stock, valued at approximately $4,923,000. Pepsico comprises approximately 2.0% of Whalerock Point Partners LLC’s portfolio, making the stock its 6th largest position.

Other institutional investors also recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Pepsico by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,320 shares of the company’s stock valued at $139,000 after buying an additional 4 shares during the last quarter. Piershale Financial Group Inc. increased its stake in Pepsico by 0.4% in the third quarter. Piershale Financial Group Inc. now owns 1,009 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in Pepsico by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 1,832 shares of the company’s stock valued at $199,000 after buying an additional 9 shares during the last quarter. Hanson McClain Inc. increased its stake in Pepsico by 0.5% in the second quarter. Hanson McClain Inc. now owns 4,428 shares of the company’s stock valued at $469,000 after buying an additional 20 shares during the last quarter. Finally, Brick & Kyle Associates increased its stake in Pepsico by 0.4% in the third quarter. Brick & Kyle Associates now owns 5,281 shares of the company’s stock valued at $574,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 70.43% of the company’s stock.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Pepsico, Inc. (NYSE:PEP) opened at 106.92 on Wednesday. The stock’s 50 day moving average price is $104.15 and its 200 day moving average price is $105.45. The company has a market cap of $153.34 billion, a P/E ratio of 23.46 and a beta of 0.53. Pepsico, Inc. has a 52-week low of $96.15 and a 52-week high of $110.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, March 1st. Pepsico’s dividend payout ratio is presently 66.01%.

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A number of equities research analysts have issued reports on the company. Vetr downgraded Pepsico from a “buy” rating to a “hold” rating and set a $109.00 price target for the company. in a research note on Wednesday, January 4th. Zacks Investment Research upgraded Pepsico from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Societe Generale upgraded Pepsico from a “hold” rating to a “buy” rating in a research note on Monday, December 12th. Barclays PLC assumed coverage on Pepsico in a research note on Monday, January 9th. They set an “equal weight” rating and a $102.00 price target for the company. Finally, Susquehanna Bancshares Inc restated a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Monday, January 9th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $114.11.

Pepsico Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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