Tudor Financial Inc. Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Tudor Financial Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,179 shares of the company’s stock after buying an additional 2,538 shares during the quarter. Tudor Financial Inc.’s holdings in PepsiCo were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of PepsiCo by 2.8% in the second quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after buying an additional 10,547 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock worth $20,040,000 after buying an additional 9,567 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of PepsiCo by 7.4% in the second quarter. Epoch Investment Partners Inc. now owns 344,176 shares of the company’s stock worth $56,765,000 after buying an additional 23,703 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of PepsiCo by 7.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,979 shares of the company’s stock worth $1,551,000 after buying an additional 608 shares during the last quarter. Finally, Certified Advisory Corp raised its holdings in shares of PepsiCo by 4.0% in the second quarter. Certified Advisory Corp now owns 2,117 shares of the company’s stock worth $349,000 after buying an additional 82 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PEP shares. Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $178.60.

PepsiCo Trading Up 1.2 %

Shares of NASDAQ:PEP opened at $148.25 on Tuesday. The stock has a market capitalization of $203.40 billion, a PE ratio of 21.87, a P/E/G ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a fifty day moving average price of $155.37 and a 200 day moving average price of $165.86. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

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.