O Shaughnessy Asset Management LLC Raises Position in PepsiCo, Inc. $PEP

O Shaughnessy Asset Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,650 shares of the company’s stock after buying an additional 38,918 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PepsiCo were worth $41,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PEP. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo in the fourth quarter worth about $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the third quarter worth about $31,000. Strategic Advocates LLC purchased a new stake in shares of PepsiCo in the third quarter worth about $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $33,000. Finally, Evolution Wealth Management Inc. boosted its position in shares of PepsiCo by 47.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock worth $33,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEP shares. Argus raised PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Piper Sandler upped their target price on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Evercore increased their price target on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Royal Bank Of Canada reduced their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.58.

PepsiCo Stock Performance

Shares of PEP opened at $141.92 on Monday. The company has a market capitalization of $193.97 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.57 and a beta of 0.35. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a 50-day moving average price of $152.21 and a 200 day moving average price of $152.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. PepsiCo’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s payout ratio is currently 92.94%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.