PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by MSH Capital Advisors LLC

MSH Capital Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,454 shares of the company’s stock after buying an additional 598 shares during the quarter. MSH Capital Advisors LLC’s holdings in PepsiCo were worth $1,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the fourth quarter worth approximately $31,000. GKV Capital Management Co. Inc. bought a new stake in PepsiCo in the fourth quarter worth approximately $38,000. Bridge Generations Wealth Management LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, July 18th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $158.73.

PepsiCo Price Performance

NASDAQ:PEP opened at $146.87 on Wednesday. The stock has a market cap of $201.08 billion, a P/E ratio of 26.75, a PEG ratio of 3.86 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a fifty day moving average price of $136.29 and a 200 day moving average price of $140.61. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is currently 103.64%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.