Guinness Asset Management LTD Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Guinness Asset Management LTD increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,236,788 shares of the company’s stock after acquiring an additional 61,541 shares during the quarter. PepsiCo makes up about 3.5% of Guinness Asset Management LTD’s holdings, making the stock its 16th biggest position. Guinness Asset Management LTD’s holdings in PepsiCo were worth $188,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M.E. Allison & CO. Inc. purchased a new position in PepsiCo during the 4th quarter worth $215,000. Willner & Heller LLC boosted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Willner & Heller LLC now owns 3,700 shares of the company’s stock worth $563,000 after buying an additional 407 shares during the period. Lincoln Capital LLC grew its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after buying an additional 70 shares during the last quarter. Pine Haven Investment Counsel Inc raised its stake in PepsiCo by 1.2% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 9,486 shares of the company’s stock valued at $1,442,000 after acquiring an additional 115 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its position in PepsiCo by 61.1% during the 4th quarter. Diversify Wealth Management LLC now owns 35,395 shares of the company’s stock worth $5,049,000 after acquiring an additional 13,423 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PEP shares. Barclays cut their price target on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $178.60.

PepsiCo Stock Performance

Shares of PEP opened at $148.25 on Monday. The company has a 50-day moving average of $155.37 and a two-hundred day moving average of $165.86. The stock has a market cap of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is currently 79.94%.

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.