Calydon Capital Increases Stock Position in PepsiCo, Inc. $PEP

Calydon Capital increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.5% during the third quarter, Holdings Channel.com reports. The firm owned 43,709 shares of the company’s stock after buying an additional 5,860 shares during the period. Calydon Capital’s holdings in PepsiCo were worth $6,138,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEP. Clayton Financial Group LLC purchased a new position in PepsiCo in the third quarter valued at about $872,000. Avantax Advisory Services Inc. lifted its position in shares of PepsiCo by 2.6% during the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after buying an additional 4,627 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of PepsiCo by 122.6% in the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock valued at $2,860,000 after buying an additional 11,217 shares in the last quarter. Invesco Ltd. grew its position in shares of PepsiCo by 11.7% in the 2nd quarter. Invesco Ltd. now owns 12,659,046 shares of the company’s stock worth $1,671,500,000 after buying an additional 1,330,888 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its stake in shares of PepsiCo by 19.3% during the 3rd quarter. Mediolanum International Funds Ltd now owns 252,916 shares of the company’s stock worth $35,451,000 after acquiring an additional 40,947 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup increased their target price on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. HSBC increased their price objective on PepsiCo from $152.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Finally, Barclays upped their target price on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $169.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $159.88 on Friday. The business has a fifty day moving average of $156.71 and a 200 day moving average of $149.69. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The firm has a market capitalization of $218.50 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio is 94.83%.

PepsiCo announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.