Titan Investment Management LLC Purchases Shares of 13,098 PepsiCo, Inc. $PEP

Titan Investment Management LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,098 shares of the company’s stock, valued at approximately $1,880,000. PepsiCo makes up 1.7% of Titan Investment Management LLC’s portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo in the fourth quarter worth approximately $29,000. Imprint Wealth LLC bought a new position in PepsiCo during the 3rd quarter valued at $31,000. Strategic Advocates LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $142.02 on Friday. The stock’s fifty day simple moving average is $150.15 and its 200 day simple moving average is $152.31. The stock has a market capitalization of $194.11 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.57 and a beta of 0.35. 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, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 EPS 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 business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the prior year, the business posted $1.48 earnings per share. PepsiCo’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared 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 is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is presently 92.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a report on Thursday, April 9th. Piper Sandler dropped their price target on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. TD Cowen lowered their price objective on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on 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.