Brighton Jones LLC Has $9.03 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,392 shares of the company’s stock after purchasing an additional 6,574 shares during the quarter. Brighton Jones LLC’s holdings in PepsiCo were worth $9,031,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Fred Alger Management LLC boosted its position in PepsiCo by 5.6% in the second quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock worth $8,220,000 after purchasing an additional 2,651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PepsiCo in the 2nd quarter worth about $223,000. Ameriprise Financial Inc. grew its position in PepsiCo by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock valued at $846,030,000 after buying an additional 57,322 shares during the period. Elgethun Capital Management raised its position in PepsiCo by 0.9% in the second quarter. Elgethun Capital Management now owns 6,977 shares of the company’s stock worth $1,151,000 after acquiring an additional 63 shares during the period. Finally, Drucker Wealth 3.0 LLC purchased a new position in PepsiCo in the second quarter valued at about $537,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4 %

PEP stock opened at $148.62 on Friday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a market cap of $203.91 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The business’s 50-day moving average is $154.40 and its two-hundred day moving average is $165.52.

PepsiCo Dividend Announcement

The firm 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 was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several equities analysts recently commented on PEP shares. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. TD Cowen cut their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $178.20.

About PepsiCo

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.