Vigilant Capital Management LLC boosted its holdings in PepsiCo (NASDAQ:PEP) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 109,642 shares of the company’s stock after acquiring an additional 8,491 shares during the quarter. PepsiCo comprises about 1.7% of Vigilant Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Vigilant Capital Management LLC’s holdings in PepsiCo were worth $13,148,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PEP. Round Table Services LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $201,000. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of PepsiCo in the fourth quarter valued at $201,000. Cortland Associates Inc. MO purchased a new position in shares of PepsiCo in the fourth quarter valued at $206,000. DT Investment Partners LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $212,000. Finally, Bouchey Financial Group Ltd purchased a new position in shares of PepsiCo in the fourth quarter valued at $214,000. Hedge funds and other institutional investors own 70.84% of the company’s stock.
PEP opened at $109.15 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. The firm has a market cap of $154,932.42, a P/E ratio of 20.87, a P/E/G ratio of 2.58 and a beta of 0.69. PepsiCo has a 52 week low of $105.94 and a 52 week high of $122.51.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 2nd were paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, March 1st. PepsiCo’s payout ratio is currently 61.57%.
PepsiCo announced that its board has approved a share repurchase plan on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently weighed in on PEP. SunTrust Banks began coverage on PepsiCo in a research report on Monday, January 29th. They issued a “hold” rating and a $125.00 price target for the company. Credit Suisse Group restated a “neutral” rating and issued a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a research report on Thursday, February 1st. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of PepsiCo in a research report on Friday, December 22nd. Cowen restated a “buy” rating and issued a $133.00 price target on shares of PepsiCo in a research report on Tuesday, January 9th. Finally, Deutsche Bank began coverage on PepsiCo in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $123.04.
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PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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