PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 44.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,552 shares of the company’s stock after purchasing an additional 2,642 shares during the period. Kirtland Hills Capital Management LLC’s holdings in PepsiCo were worth $1,222,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Lokken Investment Group LLC lifted its position in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Group LLC lifted its position in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Pflug Koory LLC lifted its position in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after acquiring an additional 76 shares during the last quarter. Hoge Financial Services LLC lifted its position in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock worth $545,000 after acquiring an additional 76 shares during the last quarter. Finally, Members Trust Co lifted its position in PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company’s stock worth $891,000 after acquiring an additional 77 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $141.57 on Tuesday. The business’s fifty day moving average price is $133.77 and its two-hundred day moving average price is $140.94. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The stock has a market capitalization of $193.82 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.02%. PepsiCo’s payout ratio is 103.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Barclays increased their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Finally, Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $158.73.

PepsiCo Company 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.