Osprey Private Wealth LLC Boosts Holdings in PepsiCo, Inc. $PEP

Osprey Private Wealth LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 41.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,350 shares of the company’s stock after buying an additional 8,670 shares during the quarter. PepsiCo makes up about 1.5% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 26th largest position. Osprey Private Wealth LLC’s holdings in PepsiCo were worth $4,122,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Quantbot Technologies LP grew its position in PepsiCo by 459.6% in the first quarter. Quantbot Technologies LP now owns 20,431 shares of the company’s stock worth $3,063,000 after acquiring an additional 16,780 shares in the last quarter. Humankind Investments LLC lifted its stake in shares of PepsiCo by 5.7% in the 1st quarter. Humankind Investments LLC now owns 4,196 shares of the company’s stock valued at $629,000 after purchasing an additional 227 shares during the last quarter. Capital Analysts LLC increased its position in shares of PepsiCo by 18.4% during the 1st quarter. Capital Analysts LLC now owns 33,396 shares of the company’s stock valued at $5,008,000 after purchasing an additional 5,190 shares during the last quarter. Finally, Asset Management Group Inc. boosted its stake in PepsiCo by 1.9% during the first quarter. Asset Management Group Inc. now owns 38,145 shares of the company’s stock worth $5,719,000 after buying an additional 696 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.08 on Thursday. The company has a 50-day simple moving average of $147.94 and a two-hundred day simple moving average of $142.69. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The company has a market capitalization of $205.21 billion, a PE ratio of 28.53, a P/E/G ratio of 5.19 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PEP shares. HSBC increased their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Barclays raised their price target on shares of PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 10th. Wall Street Zen raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $151.00 to $164.00 in a research note on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $158.75.

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.