Delta Global Management LP Grows Stock Position in PepsiCo, Inc. $PEP

Delta Global Management LP increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 148,400 shares of the company’s stock after buying an additional 12,097 shares during the quarter. PepsiCo comprises approximately 1.0% of Delta Global Management LP’s portfolio, making the stock its 23rd largest position. Delta Global Management LP’s holdings in PepsiCo were worth $21,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Swiss RE Ltd. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in PepsiCo in the fourth quarter valued at approximately $29,000. Imprint Wealth LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $31,000. Strategic Advocates LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $146.25 on Tuesday. The company has a fifty day simple moving average of $150.90 and a two-hundred day simple moving average of $152.42. The company has a market cap of $199.89 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s payout ratio is presently 92.94%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 report on Friday, June 5th. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, April 17th. BNP Paribas Exane boosted their price target on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Finally, TD Cowen dropped their price target on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a research note on Friday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.35.

PepsiCo 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.