Poehling Capital Management INC. Boosts Stock Position in PepsiCo, Inc. $PEP

Poehling Capital Management INC. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 279.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,568 shares of the company’s stock after acquiring an additional 51,988 shares during the period. PepsiCo accounts for about 2.2% of Poehling Capital Management INC.’s investment portfolio, making the stock its 12th largest position. Poehling Capital Management INC.’s holdings in PepsiCo were worth $9,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JSF Financial LLC raised its holdings in PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after acquiring an additional 69 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after acquiring an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after acquiring an additional 74 shares during the last quarter. Bull Street Advisors LLC boosted its holdings in shares of PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its position in shares of PepsiCo by 1.6% during the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after purchasing an additional 74 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $145.85 on Monday. The stock has a market cap of $199.43 billion, a PE ratio of 27.73, a P/E/G ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $165.13. The company has a 50-day moving average price of $144.95 and a 200 day moving average price of $140.06. 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 data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company posted $2.31 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PEP shares. Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Rothschild & Co Redburn upped their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. The Goldman Sachs Group upped their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $156.95.

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.