Telemus Capital LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,092 shares of the company’s stock after buying an additional 130 shares during the quarter. Telemus Capital LLC’s holdings in PepsiCo were worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. acquired a new position in shares of PepsiCo during the fourth quarter valued at $27,000. PrairieView Partners LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at about $30,000. Inspire Advisors LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at about $31,000. Interactive Financial Advisors bought a new stake in shares of PepsiCo during the fourth quarter valued at about $33,000. Finally, Defined Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at about $36,000. 69.94% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on PEP. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Friday, February 12th. UBS Group upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research note on Wednesday. Morgan Stanley boosted their price target on shares of PepsiCo from $158.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research report on Monday, March 29th. Finally, Sanford C. Bernstein initiated coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. PepsiCo has an average rating of “Buy” and a consensus price target of $149.44.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 14th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $14.82 billion for the quarter, compared to analysts’ expectations of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. PepsiCo’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were given a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Thursday, March 4th. PepsiCo’s dividend payout ratio is presently 73.96%.
PepsiCo, Inc operates as a food and beverage company 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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