Lawood & Co. Invests $556,000 in PepsiCo, Inc. $PEP

Lawood & Co. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,872 shares of the company’s stock, valued at approximately $556,000.

Several other large investors have also recently made changes to their positions in the company. Koa Wealth Management LLC increased its holdings in shares of PepsiCo by 0.9% in the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after purchasing an additional 68 shares during the last quarter. Facet Wealth Inc. increased its position in PepsiCo by 3.2% in the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares during the last quarter. Delta Asset Management LLC TN increased its position in PepsiCo by 0.6% in the third quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after purchasing an additional 70 shares during the last quarter. Westside Investment Management Inc. increased its stake in PepsiCo by 2.8% during the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock worth $366,000 after acquiring an additional 70 shares during the last quarter. Finally, Tiemann Investment Advisors LLC increased its stake in PepsiCo by 4.0% during the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock worth $254,000 after acquiring an additional 70 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Evercore boosted their price objective on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Rothschild & Co Redburn upped their price target on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, The Goldman Sachs Group upped their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $170.37.

PepsiCo Stock Up 0.3%

Shares of NASDAQ:PEP opened at $149.12 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The stock has a market cap of $203.81 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.38. The business’s 50 day moving average is $155.25 and its 200 day moving average is $152.42. 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 issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is 89.32%.

PepsiCo Company 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.