Adams Asset Advisors LLC Buys 7,173 Shares of PepsiCo, Inc. $PEP

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Adams Asset Advisors LLC increased its stake in PepsiCo, Inc. by 22.3% in the fourth quarter, acquiring an additional 7,173 shares to own a total of 39,411 shares valued at $5.656 million. PepsiCo has also authorized a $10.0 billion share buyback and declared a quarterly dividend of $1.4225 per share, resulting in a 3.7% yield. Despite a high payout ratio, the company recently beat earnings estimates and has an average analyst rating of “Hold” with a target price of $169.

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