Accelerate Investment Advisors LLC Invests $207,000 in PepsiCo, Inc. (NASDAQ:PEP)

Accelerate Investment Advisors LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,361 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Global Wealth Strategies & Associates grew its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter valued at approximately $31,000. Mattson Financial Services LLC bought a new position in PepsiCo during the second quarter valued at $34,000. Finally, Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.6 %

PEP traded up $2.22 during midday trading on Monday, reaching $144.86. 4,296,362 shares of the company’s stock traded hands, compared to its average volume of 6,801,753. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market capitalization of $198.75 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.94 and a beta of 0.54. The firm has a fifty day moving average of $157.35 and a two-hundred day moving average of $166.50. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

Several equities research analysts have commented on PEP shares. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada reduced their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. 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. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $180.64.

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.