PepsiCo, Inc. $PEP Shares Sold by STF Management LP

STF Management LP decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 67.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,774 shares of the company’s stock after selling 14,033 shares during the period. PepsiCo comprises 0.9% of STF Management LP’s investment portfolio, making the stock its 25th biggest position. STF Management LP’s holdings in PepsiCo were worth $972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JCIC Asset Management Inc. acquired a new position in PepsiCo during the third quarter worth $27,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo during the fourth quarter worth $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Strategic Advocates LLC acquired a new stake in PepsiCo during the third quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter worth about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.3%

Shares of NASDAQ PEP opened at $149.12 on Friday. The stock has a market cap of $203.81 billion, a PE ratio of 23.41, a PEG ratio of 2.73 and a beta of 0.38. The business has a fifty day moving average of $155.25 and a two-hundred day moving average of $152.42. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week 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.

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

PepsiCo declared that its board has initiated a share repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio is presently 89.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Argus raised PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. TD Cowen increased their target price on PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Evercore lifted their price target on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. HSBC boosted their price target on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.37.

About PepsiCo

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.