The PepsiCo Inc. (PEP) Stake Cut by Tdam USA Inc.

The PepsiCo Inc. (PEP) Stake Cut by Tdam USA Inc.

Tdam USA Inc. decreased its stake in PepsiCo Inc. (NYSE:PEP) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,084 shares of the company’s stock after selling 5,080 shares during the period. PepsiCo makes up approximately 1.5% of Tdam USA Inc.’s holdings, making the stock its 11th largest position. Tdam USA Inc.’s holdings in PepsiCo were worth $30,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. D. Scott Neal Inc. boosted its stake in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. boosted its stake in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Delphi Private Advisors LLC boosted its stake in shares of PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock valued at $106,000 after buying an additional 13 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock valued at $117,000 after buying an additional 528 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its stake in shares of PepsiCo by 8.5% in the second quarter. Blume Capital Management Inc. now owns 1,302 shares of the company’s stock valued at $138,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 69.04% of the company’s stock.

Shares of PepsiCo Inc. (NYSE:PEP) opened at 102.74 on Thursday. The company has a 50-day moving average price of $103.50 and a 200-day moving average price of $106.00. The firm has a market cap of $147.35 billion, a price-to-earnings ratio of 22.54 and a beta of 0.51. PepsiCo Inc. has a 12 month low of $93.25 and a 12 month high of $110.94.

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 2nd were given a $0.7525 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is presently 66.01%.

Several equities analysts recently issued reports on the company. Vetr cut PepsiCo from a “buy” rating to a “hold” rating and set a $106.67 price target on the stock. in a report on Wednesday. Susquehanna reiterated a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a report on Monday, January 9th. Barclays PLC assumed coverage on PepsiCo in a report on Monday, January 9th. They issued an “equal weight” rating and a $102.00 price target on the stock. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Finally, Societe Generale upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Monday, December 12th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.43.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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