Chemical Bank boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 71,024 shares of the company’s stock after acquiring an additional 2,640 shares during the period. PepsiCo accounts for 0.8% of Chemical Bank’s portfolio, making the stock its 28th largest position. Chemical Bank’s holdings in PepsiCo were worth $7,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in PepsiCo by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after acquiring an additional 443 shares during the period. R.M.SINCERBEAUX Capital Management LLC grew its holdings in PepsiCo by 22.5% during the 2nd quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after acquiring an additional 450 shares during the period. Edgemoor Investment Advisors Inc. grew its holdings in PepsiCo by 6.7% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after acquiring an additional 450 shares during the period. Sigma Planning Corp grew its holdings in PepsiCo by 1.4% during the 2nd quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after acquiring an additional 450 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in PepsiCo by 19.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,740 shares of the company’s stock worth $306,000 after acquiring an additional 450 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

PEP opened at $108.16 on Friday. The firm has a market capitalization of $151.73 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.61 and a beta of 0.67. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.51. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Friday, December 7th were given a $0.9275 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $3.71 annualized dividend and a yield of 3.43%. PepsiCo’s dividend payout ratio is currently 70.94%.

A number of research firms have commented on PEP. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. BidaskClub lowered shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a report on Wednesday. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Deutsche Bank decreased their price target on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $117.50.

In other news, EVP David Yawman sold 12,024 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total value of $1,286,447.76. Following the sale, the executive vice president now directly owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 168,295 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the completion of the sale, the executive vice president now directly owns 173,702 shares in the company, valued at $19,128,064.24. The disclosure for this sale can be found here. Insiders sold a total of 200,393 shares of company stock worth $22,075,812 over the last ninety days. 0.27% of the stock is currently owned by insiders.

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About PepsiCo

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.

Further Reading: Different Types of Derivatives

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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