Campbell Capital Management Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,521 shares of the company’s stock after purchasing an additional 1,521 shares during the period. Campbell Capital Management Inc.’s holdings in PepsiCo were worth $781,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Catalyst Private Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $34,000. Baron Financial Group LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $35,000. Chiron Capital Management LLC acquired a new stake in shares of PepsiCo in the third quarter valued at $43,000. Adams Wealth Management acquired a new stake in shares of PepsiCo in the third quarter valued at $44,000. Finally, Ellevest Inc. increased its holdings in PepsiCo by 25.1% in the third quarter. Ellevest Inc. now owns 459 shares of the company’s stock valued at $64,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.
PEP has been the topic of several recent analyst reports. UBS Group increased their target price on PepsiCo from $140.00 to $146.00 in a report on Friday, October 2nd. Morgan Stanley raised their price objective on PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. Royal Bank of Canada lowered PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective on the stock. in a report on Monday, January 4th. They noted that the move was a valuation call. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, January 7th. Finally, Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Friday, September 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. PepsiCo presently has an average rating of “Buy” and an average target price of $144.88.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Friday, December 4th were issued a $1.0225 dividend. The ex-dividend date was Thursday, December 3rd. This represents a $4.09 annualized dividend and a yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.
In other news, CEO Kirk Tanner sold 12,500 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $136.81, for a total transaction of $1,710,125.00. Following the completion of the sale, the chief executive officer now directly owns 95,645 shares of the company’s stock, valued at approximately $13,085,192.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.
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