Sandy Spring Bank Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sandy Spring Bank boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,762 shares of the company’s stock after purchasing an additional 4,084 shares during the quarter. PepsiCo comprises 0.8% of Sandy Spring Bank’s investment portfolio, making the stock its 29th largest holding. Sandy Spring Bank’s holdings in PepsiCo were worth $10,354,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its position in PepsiCo by 3.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 166,148 shares of the company’s stock worth $22,711,000 after buying an additional 5,130 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in PepsiCo by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 189,441 shares of the company’s stock worth $25,891,000 after buying an additional 1,149 shares during the last quarter. Robinson Value Management Ltd. purchased a new position in PepsiCo during the 4th quarter worth $215,000. Illinois Municipal Retirement Fund purchased a new position in PepsiCo during the 4th quarter worth $753,000. Finally, Palladium Partners LLC raised its position in PepsiCo by 11.8% during the 4th quarter. Palladium Partners LLC now owns 148,601 shares of the company’s stock worth $20,309,000 after buying an additional 15,640 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

PEP has been the subject of a number of analyst reports. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Citigroup increased their price target on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. Cfra increased their price target on shares of PepsiCo from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Finally, Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $137.45.

Shares of PEP traded up $0.52 during trading hours on Friday, reaching $146.99. The company had a trading volume of 3,553,965 shares, compared to its average volume of 4,143,470. The firm has a 50 day simple moving average of $140.04 and a 200-day simple moving average of $136.11. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $203.11 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.51 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $111.88 and a 12-month high of $147.13.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.01. The firm had revenue of $20.64 billion for the quarter, compared to analysts’ expectations of $20.24 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.60%. PepsiCo’s payout ratio is 67.49%.

About PepsiCo

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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