TT Capital Management LLC Acquires 4,193 Shares of PepsiCo, Inc. $PEP

by · The Markets Daily

TT Capital Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 259.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,812 shares of the company’s stock after acquiring an additional 4,193 shares during the period. TT Capital Management LLC’s holdings in PepsiCo were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PEP. JSF Financial LLC boosted its stake in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares during the period. Binnacle Investments Inc raised its holdings in PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after acquiring an additional 72 shares during the period. Weaver Consulting Group grew its holdings in shares of PepsiCo by 2.9% during the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock worth $341,000 after purchasing an additional 72 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of PepsiCo by 0.5% in the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.65 on Friday. The stock’s 50-day moving average is $147.30 and its 200-day moving average is $142.29. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $205.99 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday, October 23rd. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday, October 21st. Finally, The Goldman Sachs Group upped their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.35.

Read Our Latest Research Report on PEP

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.

Featured Articles

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).