Evergreen Capital Management LLC Grows Stock Position in PepsiCo, Inc. $PEP

Evergreen Capital Management LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,427 shares of the company’s stock after buying an additional 5,143 shares during the quarter. Evergreen Capital Management LLC’s holdings in PepsiCo were worth $8,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PEP. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $251,000. Balefire LLC bought a new position in PepsiCo in the 2nd quarter valued at $322,000. Sivia Capital Partners LLC increased its stake in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after purchasing an additional 3,790 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in shares of PepsiCo by 1.1% during the second quarter. Focus Financial Network Inc. now owns 11,962 shares of the company’s stock valued at $1,579,000 after purchasing an additional 135 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEP. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Barclays set a $148.00 price target on shares of PepsiCo in a research note on Friday. BNP Paribas Exane upgraded PepsiCo from a “neutral” rating to an “outperform” rating and set a $179.00 price objective on the stock in a report on Friday. UBS Group lowered their target price on PepsiCo from $172.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.32.

PepsiCo Trading Down 0.2%

Shares of NASDAQ PEP opened at $146.32 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The business has a fifty day moving average price of $145.62 and a 200 day moving average price of $144.61. The stock has a market capitalization of $200.07 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.