Hamilton Point Investment Advisors LLC Has $1.03 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Hamilton Point Investment Advisors LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,707 shares of the company’s stock after selling 445 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in PepsiCo were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Country Trust Bank grew its holdings in shares of PepsiCo by 3.8% during the 4th quarter. Country Trust Bank now owns 136,432 shares of the company’s stock valued at $20,746,000 after purchasing an additional 5,004 shares during the last quarter. Keudell Morrison Wealth Management grew its holdings in shares of PepsiCo by 18.3% during the 4th quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the company’s stock valued at $699,000 after purchasing an additional 712 shares during the last quarter. Coastwise Capital Group LLC grew its holdings in shares of PepsiCo by 59.2% during the 4th quarter. Coastwise Capital Group LLC now owns 2,344 shares of the company’s stock valued at $356,000 after purchasing an additional 872 shares during the last quarter. Heritage Financial Services LLC grew its holdings in shares of PepsiCo by 11.4% during the 4th quarter. Heritage Financial Services LLC now owns 1,423 shares of the company’s stock valued at $216,000 after purchasing an additional 146 shares during the last quarter. Finally, Hartford Financial Management Inc. grew its holdings in shares of PepsiCo by 0.3% during the 4th quarter. Hartford Financial Management Inc. now owns 30,490 shares of the company’s stock valued at $4,636,000 after purchasing an additional 99 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $151.90 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company’s fifty day moving average price is $153.35 and its two-hundred day moving average price is $164.97. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a market cap of $208.41 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.91 and a beta of 0.54.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.57%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 target price on shares of PepsiCo in a report on Wednesday. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. 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 report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.73.

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.