Telos Capital Management Inc. Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Telos Capital Management Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,786 shares of the company's stock after acquiring an additional 6,880 shares during the quarter. PepsiCo accounts for approximately 2.2% of Telos Capital Management Inc.'s portfolio, making the stock its 6th largest holding. Telos Capital Management Inc.'s holdings in PepsiCo were worth $20,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter worth approximately $28,000. Elite Financial Inc. purchased a new stake in PepsiCo in the first quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo in the fourth quarter worth approximately $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday. 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 stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $158.50.

PepsiCo Price Performance

Shares of PEP traded up $1.60 during mid-day trading on Thursday, hitting $136.08. 8,864,567 shares of the stock were exchanged, compared to its average volume of 7,086,428. The company has a market cap of $186.58 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The firm has a 50-day moving average of $131.41 and a two-hundred day moving average of $141.88. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.18%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

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.