Poehling Capital Management INC. Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Poehling Capital Management INC. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 72.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,580 shares of the company’s stock after buying an additional 7,820 shares during the quarter. Poehling Capital Management INC.’s holdings in PepsiCo were worth $2,786,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC increased its position in PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock valued at $4,717,069,000 after buying an additional 582,254 shares in the last quarter. Norges Bank acquired a new position in PepsiCo during the 4th quarter valued at about $2,729,565,000. Northern Trust Corp increased its position in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock valued at $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after buying an additional 49,699 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.2%

PepsiCo stock opened at $135.57 on Tuesday. The firm has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The business’s 50-day moving average price is $131.56 and its 200 day moving average price is $141.38. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.20%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley reduced 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. Finally, Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $158.19.

About PepsiCo

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.