SB Capital Management Inc bought a new stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,152 shares of the company’s stock, valued at approximately $596,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo in the fourth quarter worth about $29,000. Imprint Wealth LLC bought a new position in PepsiCo during the third quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $33,000. Finally, Evolution Wealth Management Inc. grew its stake in shares of PepsiCo by 47.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. 73.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on PEP shares. Piper Sandler cut their target price on PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. HSBC lifted their price objective on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.10.
PepsiCo Stock Up 0.3%
Shares of PEP opened at $142.02 on Friday. The company has a market capitalization of $194.11 billion, a P/E ratio of 22.30, a PEG ratio of 2.57 and a beta of 0.35. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The business’s 50 day simple moving average is $150.15 and its 200-day simple moving average is $152.31. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period last year, the firm posted $1.48 EPS. The business’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio is 92.94%.
PepsiCo Company Profile
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.
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