Telos Capital Management Inc. Buys 6,880 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Telos Capital Management Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,786 shares of the company's stock after buying an additional 6,880 shares during the period. PepsiCo accounts for about 2.2% of Telos Capital Management Inc.'s investment portfolio, making the stock its 6th largest position. Telos Capital Management Inc.'s holdings in PepsiCo were worth $20,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Financial Gravity Asset Management Inc. bought a new stake in PepsiCo in the first quarter worth $90,000. Alps Advisors Inc. increased its position in PepsiCo by 1.8% in the first quarter. Alps Advisors Inc. now owns 43,657 shares of the company's stock worth $6,546,000 after purchasing an additional 780 shares during the last quarter. Allworth Financial LP increased its position in PepsiCo by 10.8% in the first quarter. Allworth Financial LP now owns 74,002 shares of the company's stock worth $11,096,000 after purchasing an additional 7,218 shares during the last quarter. Parr Mcknight Wealth Management Group LLC increased its position in PepsiCo by 0.8% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 30,875 shares of the company's stock worth $4,629,000 after purchasing an additional 230 shares during the last quarter. Finally, Rogco LP increased its position in PepsiCo by 0.9% in the first quarter. Rogco LP now owns 11,519 shares of the company's stock worth $1,727,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.9%

Shares of PEP stock traded down $1.27 on Friday, hitting $134.81. The stock had a trading volume of 5,236,107 shares, compared to its average volume of 7,079,777. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The business has a 50 day moving average price of $131.46 and a 200 day moving average price of $141.78. The company has a market cap of $184.84 billion, a PE ratio of 19.83, a P/E/G ratio of 4.21 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.22%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley dropped their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.19.

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.