Longfellow Investment Management Co. LLC Has $1.12 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Longfellow Investment Management Co. LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,578 shares of the company’s stock after purchasing an additional 2,003 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in PepsiCo were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in PepsiCo by 34.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after buying an additional 286,169 shares during the last quarter. AMI Investment Management Inc. grew its position in shares of PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after acquiring an additional 113 shares during the period. Mather Group LLC. boosted its holdings in shares of PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after buying an additional 1,262 shares during the period. Wsfs Capital Management LLC boosted its holdings in PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. raised its position in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after buying an additional 2,116 shares in the last quarter. 71.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Thursday, October 19th. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $195.00 in a research report on Monday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.46.

Check Out Our Latest Report on PepsiCo

PepsiCo Trading Up 1.8 %

NASDAQ PEP traded up $2.94 on Monday, hitting $170.61. The company’s stock had a trading volume of 7,688,346 shares, compared to its average volume of 5,722,667. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company’s 50-day moving average is $168.53 and its 200 day moving average is $171.04. The firm has a market cap of $234.57 billion, a PE ratio of 25.67, a PEG ratio of 2.50 and a beta of 0.54.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the firm posted $1.67 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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