Los Angeles Capital Management LLC Has $41.75 Million Stock Holdings in PepsiCo, Inc. $PEP

Los Angeles Capital Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 125.2% during the fourth quarter, Holdings Channel reports. The firm owned 282,934 shares of the company’s stock after acquiring an additional 157,280 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PepsiCo were worth $41,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Captrust Financial Advisors increased its holdings in PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after purchasing an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after buying an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after buying an additional 30,674 shares during the last quarter. Allstate Corp boosted its stake in shares of PepsiCo by 108.1% in the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after buying an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its stake in shares of PepsiCo by 65.8% in the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock worth $81,049,000 after buying an additional 229,121 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. HSBC boosted their target price on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Evercore boosted their target price on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Wells Fargo & Company cut their target price on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.58.

PepsiCo Price Performance

PepsiCo stock opened at $141.92 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The business’s 50 day simple moving average is $152.21 and its 200 day simple moving average is $152.51. The company has a market cap of $193.97 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the business earned $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 year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is currently 89.32%.

PepsiCo Company 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.