PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 133,786 shares of the company’s stock after purchasing an additional 6,880 shares during the period. PepsiCo accounts for 2.2% of Telos Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Telos Capital Management Inc.’s holdings in PepsiCo were worth $20,060,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Asset Management One Co. Ltd. lifted its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ossiam lifted its position in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after purchasing an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock worth $40,624,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Hutner Capital Management Inc. lifted its position in PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after buying an additional 6,865 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley decreased their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.75.

PepsiCo Stock Performance

Shares of PEP opened at $134.48 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $184.38 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 4.22 and a beta of 0.45. The firm’s fifty day simple moving average is $131.41 and its two-hundred day simple moving average is $141.88. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.