Fieldview Capital Management LLC Acquires New Holdings in PepsiCo, Inc. $PEP

Fieldview Capital Management LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,585 shares of the company’s stock, valued at approximately $925,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo in the third quarter worth $27,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo during the 2nd quarter worth $27,000. Vermillion & White Wealth Management Group LLC grew its stake in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in PepsiCo during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Citigroup raised their price target on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. HSBC boosted their price objective on PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. UBS Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of PepsiCo in a report on Wednesday, February 4th. Barclays lifted their price target on PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada increased their price objective on PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. 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 MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $168.50.

PepsiCo Stock Up 1.3%

Shares of NASDAQ PEP opened at $161.53 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The company has a market cap of $220.75 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. The firm’s 50-day simple moving average is $155.39 and its 200 day simple moving average is $149.38. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.96 billion. During the same quarter last year, the business earned $1.96 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo announced that its board has initiated a stock buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is presently 94.83%.

PepsiCo 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.