Osprey Private Wealth LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Osprey Private Wealth LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,060 shares of the company’s stock after buying an additional 70 shares during the quarter. PepsiCo makes up approximately 1.6% of Osprey Private Wealth LLC’s portfolio, making the stock its 26th biggest holding. Osprey Private Wealth LLC’s holdings in PepsiCo were worth $2,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. AMF Tjanstepension AB increased its position in shares of PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Czech National Bank grew its position in PepsiCo by 6.8% during the third quarter. Czech National Bank now owns 279,811 shares of the company’s stock valued at $47,582,000 after acquiring an additional 17,833 shares during the last quarter. Miracle Mile Advisors LLC grew its position in PepsiCo by 12.4% during the third quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock valued at $2,352,000 after acquiring an additional 1,527 shares during the last quarter. Atwood & Palmer Inc. grew its position in PepsiCo by 1.2% during the third quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock valued at $2,339,000 after acquiring an additional 160 shares during the last quarter. Finally, Pacifica Partners Inc. grew its position in PepsiCo by 4.6% during the third quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock valued at $3,473,000 after acquiring an additional 892 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PEP shares. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 target price on the stock. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.53.

PepsiCo Price Performance

PEP opened at $143.49 on Wednesday. The stock has a 50-day moving average price of $152.86 and a 200-day moving average price of $164.71. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $196.87 billion, a PE ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the company earned $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s payout ratio is 79.94%.

About PepsiCo

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.