Osprey Private Wealth LLC Increases Holdings in PepsiCo, Inc. $PEP

Osprey Private Wealth LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 41.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,350 shares of the company’s stock after buying an additional 8,670 shares during the period. PepsiCo accounts for about 1.5% of Osprey Private Wealth LLC’s portfolio, making the stock its 26th biggest position. Osprey Private Wealth LLC’s holdings in PepsiCo were worth $4,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $29,000. Vermillion & White Wealth Management Group LLC grew its position in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their price target on PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday. BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Stock Down 0.2%

Shares of NASDAQ PEP opened at $150.08 on Thursday. The stock has a market cap of $205.21 billion, a PE ratio of 28.53, a P/E/G ratio of 5.19 and a beta of 0.42. The company has a 50-day moving average of $147.94 and a 200 day moving average of $142.69. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

About PepsiCo

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.