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:PEPFree Report) 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.

Get Our Latest Research Report on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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