Koss Olinger Consulting LLC Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Koss Olinger Consulting LLC has invested approximately $382,000 in PepsiCo, Inc. by acquiring 2,545 shares during the first quarter.
• A significant portion of PepsiCo's stock, 73.07%, is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, yielding 3.9%, with a payout ratio of 103.64%.

Koss Olinger Consulting LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,545 shares of the company's stock, valued at approximately $382,000.

Several other large investors have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its position in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Ossiam lifted its position in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. Graybill Wealth Management LTD. purchased a new position in PepsiCo in the 1st quarter worth approximately $3,633,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after buying an additional 13,461 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEP. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company lifted their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Down 0.2%

PEP traded down $0.34 during trading on Monday, hitting $144.87. 5,772,177 shares of the stock traded hands, compared to its average volume of 9,407,565. The firm has a market capitalization of $198.34 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a 50-day moving average of $135.98 and a 200 day moving average of $140.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

PepsiCo Company 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.