Hutner Capital Management Inc. Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Hutner Capital Management Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,783 shares of the company’s stock after acquiring an additional 6,865 shares during the period. PepsiCo makes up about 3.9% of Hutner Capital Management Inc.’s holdings, making the stock its 7th largest holding. Hutner Capital Management Inc.’s holdings in PepsiCo were worth $8,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Invst LLC lifted its stake in PepsiCo by 4.6% in the 3rd quarter. Invst LLC now owns 3,003 shares of the company’s stock worth $511,000 after purchasing an additional 133 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of PepsiCo in the third quarter worth $1,611,000. Arvest Bank Trust Division purchased a new position in PepsiCo during the third quarter worth about $311,000. Franklin Resources Inc. increased its stake in PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its holdings in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after acquiring an additional 231 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $133.55 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $183.14 billion, a P/E ratio of 19.22, a P/E/G ratio of 3.09 and a beta of 0.49. The business’s 50 day moving average price is $146.40 and its 200-day moving average price is $152.82. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 79.71%.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Barclays dropped their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Profile

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.