Boston Trust Walden Corp Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Boston Trust Walden Corp reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 775,635 shares of the company’s stock after selling 12,161 shares during the quarter. PepsiCo accounts for approximately 0.8% of Boston Trust Walden Corp’s portfolio, making the stock its 27th biggest position. Boston Trust Walden Corp’s holdings in PepsiCo were worth $117,943,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC raised its holdings in shares of PepsiCo by 1.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 21,087 shares of the company’s stock valued at $3,230,000 after buying an additional 271 shares during the period. Brentview Investment Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $3,357,000. JB Capital LLC lifted its position in shares of PepsiCo by 5.3% during the fourth quarter. JB Capital LLC now owns 63,523 shares of the company’s stock worth $9,659,000 after purchasing an additional 3,193 shares in the last quarter. Oregon Pacific Wealth Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $275,000. Finally, KPP Advisory Services LLC increased its stake in PepsiCo by 2.9% during the 4th quarter. KPP Advisory Services LLC now owns 8,149 shares of the company’s stock worth $1,239,000 after buying an additional 228 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.73.

PepsiCo Trading Down 0.8 %

Shares of NASDAQ PEP opened at $150.69 on Monday. The company has a market cap of $206.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The stock’s 50 day simple moving average is $153.12 and its 200 day simple moving average is $164.85. 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, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 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.