PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Bristlecone Advisors LLC

Bristlecone Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,443 shares of the company's stock after purchasing an additional 9,278 shares during the period. Bristlecone Advisors LLC's holdings in PepsiCo were worth $5,314,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter worth about $31,000. GKV Capital Management Co. Inc. acquired a new position in PepsiCo in the 4th quarter worth about $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo in the 4th quarter worth about $38,000. Finally, Sunbeam Capital Management LLC acquired a new position in PepsiCo in the 4th quarter worth about $47,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PEP shares. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $143.92 on Friday. The business's 50 day moving average price is $135.19 and its two-hundred day moving average price is $140.76. The company has a market cap of $197.04 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.75 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

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.

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