Rare Wolf Capital LLC Takes Position in PepsiCo, Inc. $PEP

Rare Wolf Capital LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,904 shares of the company’s stock, valued at approximately $1,708,000. PepsiCo accounts for 1.1% of Rare Wolf Capital LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently bought and sold shares of the company. Swiss RE Ltd. purchased a new position in shares of PepsiCo during the 4th quarter valued at $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo during the fourth quarter valued at $29,000. Imprint Wealth LLC purchased a new position in PepsiCo during the third quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in PepsiCo in the 4th quarter worth about $33,000. Finally, Evolution Wealth Management Inc. raised its holdings in shares of PepsiCo by 47.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $142.02 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The firm has a market cap of $194.11 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35. The business has a 50 day moving average price of $150.15 and a 200-day moving average price of $152.31.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change 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%. PepsiCo’s dividend payout ratio is presently 92.94%.

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. Barclays upped their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. UBS Group decreased their price target on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Finally, The Goldman Sachs Group upped their target price on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $167.10.

About PepsiCo

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.