BDFS Capital LLC Takes $680,000 Position in PepsiCo, Inc. $PEP

BDFS Capital LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,690 shares of the company’s stock, valued at approximately $680,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Swiss RE Ltd. bought a new stake in shares of PepsiCo in the 4th quarter worth $28,000. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter valued at about $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Strategic Advocates LLC bought a new stake in PepsiCo in the third quarter worth about $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $142.02 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The company has a market cap of $194.11 billion, a PE ratio of 22.30, a PEG ratio of 2.57 and a beta of 0.35. The stock’s 50-day moving average price is $150.15 and its two-hundred day moving average price is $152.31.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s payout ratio is currently 92.94%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft dropped 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. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, April 17th. UBS Group decreased their price target on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $167.10.

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.