Telos Capital Management Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,032 shares of the company’s stock after buying an additional 101 shares during the quarter. PepsiCo comprises 1.4% of Telos Capital Management Inc.’s portfolio, making the stock its 18th largest position. Telos Capital Management Inc.’s holdings in PepsiCo were worth $3,760,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Highwater Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Horan Securities Inc. boosted its stake in PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Sound Income Strategies LLC boosted its stake in PepsiCo by 50.8% during the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after purchasing an additional 201 shares in the last quarter. Ayalon Holdings Ltd. bought a new position in PepsiCo during the 4th quarter valued at $74,000. Finally, Tributary Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $93,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.
Shares of PEP stock traded up $1.96 on Friday, hitting $128.01. The stock had a trading volume of 3,645,245 shares, compared to its average volume of 3,835,163. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a twelve month low of $96.36 and a twelve month high of $128.39. The firm has a market capitalization of $176.70 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.27 and a beta of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s dividend payout ratio is presently 65.55%.
Several analysts have recently commented on PEP shares. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, April 18th. Bank of America raised their target price on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $137.00 price target (up from $130.00) on shares of PepsiCo in a research report on Thursday, April 18th. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Tuesday, April 23rd. Finally, ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $124.53.
In other PepsiCo news, SVP Marie T. Gallagher sold 7,800 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares in the company, valued at approximately $7,013,233.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares in the company, valued at approximately $10,599,649.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,063 shares of company stock worth $5,701,110. Company insiders own 0.28% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
Further Reading: Quick Ratio
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