Bryn Mawr Capital Management LLC Has $11.38 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bryn Mawr Capital Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,006 shares of the company’s stock after selling 1,954 shares during the period. Bryn Mawr Capital Management LLC’s holdings in PepsiCo were worth $11,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Charles Schwab Investment Management Inc. raised its holdings in PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after acquiring an additional 920,032 shares during the period. Northern Trust Corp raised its holdings in PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after acquiring an additional 595,357 shares during the period. California Public Employees Retirement System raised its holdings in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after acquiring an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in PepsiCo by 9.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after acquiring an additional 608,321 shares during the period. Finally, Deutsche Bank AG raised its holdings in PepsiCo by 2.1% in the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after acquiring an additional 142,243 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

NASDAQ PEP opened at $175.58 on Friday. The stock has a market cap of $241.39 billion, a P/E ratio of 26.40, a PEG ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company’s 50-day simple moving average is $169.40 and its 200 day simple moving average is $167.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.