Pennsylvania Trust Company boosted its stake in shares of PepsiCo, Inc. (NYSE:PEP) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 210,317 shares of the company’s stock after buying an additional 2,987 shares during the period. PepsiCo comprises about 1.8% of Pennsylvania Trust Company’s portfolio, making the stock its 9th largest position. Pennsylvania Trust Company’s holdings in PepsiCo were worth $21,015,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management boosted its stake in PepsiCo by 100.0% in the fourth quarter. Beacon Capital Management now owns 2 shares of the company’s stock valued at $0 after buying an additional 1 shares during the last quarter. Ken Stern & Associates boosted its stake in PepsiCo by 19.0% in the third quarter. Ken Stern & Associates now owns 3,590 shares of the company’s stock valued at $339,000 after buying an additional 573 shares during the last quarter. Detwiler Fenton Investment Management purchased a new stake in PepsiCo during the fourth quarter valued at $409,000. Filament purchased a new stake in PepsiCo during the fourth quarter valued at $420,000. Finally, Carlson Capital Management boosted its stake in PepsiCo by 10.0% in the fourth quarter. Carlson Capital Management now owns 4,474 shares of the company’s stock valued at $447,000 after buying an additional 408 shares during the last quarter.

Shares of PepsiCo, Inc. (NYSE:PEP) opened at 95.85 on Monday. The stock has a 50 day moving average price of $98.51 and a 200 day moving average price of $97.44. The stock has a market capitalization of $139.64 billion and a price-to-earnings ratio of 28.44. PepsiCo, Inc. has a 1-year low of $76.48 and a 1-year high of $103.44.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Stockholders of record on Friday, December 4th were paid a dividend of $0.7025 per share. The ex-dividend date of this dividend was Wednesday, December 2nd. This represents a $2.81 dividend on an annualized basis and a dividend yield of 2.93%.

Several analysts have weighed in on the company. Deutsche Bank reaffirmed a “buy” rating and set a $108.00 price objective on shares of PepsiCo in a research report on Sunday, November 22nd. Nomura raised PepsiCo from a “reduce” rating to a “neutral” rating and boosted their price target for the stock from $83.00 to $100.00 in a research report on Monday, November 23rd. They noted that the move was a valuation call. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research report on Friday, December 18th. Stifel Nicolaus reissued a “buy” rating and issued a $106.00 price target on shares of PepsiCo in a research report on Friday. Finally, Vetr cut PepsiCo from a “sell” rating to a “strong sell” rating and set a $85.80 price target on the stock. in a research report on Tuesday, October 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $105.47.

PepsiCo, Inc. (NYSE:PEP) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa. Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

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