SB Capital Management Inc Takes Position in PepsiCo, Inc. $PEP

SB Capital Management Inc purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,152 shares of the company’s stock, valued at approximately $596,000.

Several other large investors have also recently added to or reduced their stakes in PEP. Cambient Family Office LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $4,546,000. McLaughlin Asset Management Inc. acquired a new stake in PepsiCo during the fourth quarter valued at $399,000. Wick Capital Partners LLC acquired a new position in PepsiCo in the 4th quarter worth about $1,454,000. Mcguire Capital Advisors Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $67,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in PepsiCo by 15.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 22,069 shares of the company’s stock worth $3,168,000 after buying an additional 2,925 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $142.02 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The firm has a market capitalization of $194.11 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35. The stock’s 50 day moving average price is $150.15 and its two-hundred day moving average price is $152.31. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the prior year, the business earned $1.48 earnings per share. PepsiCo’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Piper Sandler decreased their price objective on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Evercore boosted their price target on PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $167.10.

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.