Bull Street Advisors LLC Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Bull Street Advisors LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,828 shares of the company’s stock after purchasing an additional 265 shares during the period. PepsiCo comprises about 1.4% of Bull Street Advisors LLC’s holdings, making the stock its 27th largest holding. Bull Street Advisors LLC’s holdings in PepsiCo were worth $2,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. NewEdge Wealth LLC lifted its stake in shares of PepsiCo by 2.8% in the 4th quarter. NewEdge Wealth LLC now owns 36,193 shares of the company’s stock valued at $5,504,000 after acquiring an additional 996 shares during the last quarter. Whipplewood Advisors LLC bought a new position in PepsiCo during the 4th quarter worth approximately $70,000. Finally, Heritage Investors Management Corp increased its stake in PepsiCo by 12.6% in the 4th quarter. Heritage Investors Management Corp now owns 131,760 shares of the company’s stock worth $20,035,000 after purchasing an additional 14,783 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Barclays cut their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.75.

Read Our Latest Stock Analysis on PEP

PepsiCo Stock Performance

Shares of PEP stock opened at $128.22 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company’s fifty day moving average price is $132.07 and its 200-day moving average price is $143.22. The stock has a market cap of $175.80 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

PepsiCo Company Profile

(Free Report)

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.

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