Timelo Investment Management Inc. Purchases New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Timelo Investment Management Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $2,281,000. PepsiCo comprises about 1.6% of Timelo Investment Management Inc.’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the fourth quarter worth about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 2.0 %

PEP opened at $142.84 on Friday. The firm has a market cap of $195.88 billion, a P/E ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The business’s fifty day simple moving average is $148.16 and its 200 day simple moving average is $154.84. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. Piper Sandler initiated coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. TD Cowen reduced their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. Finally, HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.12.

PepsiCo Profile

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.