DLK Investment Management LLC Has $6.26 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

DLK Investment Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,797 shares of the company’s stock after buying an additional 803 shares during the period. PepsiCo makes up approximately 2.4% of DLK Investment Management LLC’s holdings, making the stock its 14th biggest holding. DLK Investment Management LLC’s holdings in PepsiCo were worth $6,257,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bragg Financial Advisors Inc boosted its holdings in PepsiCo by 1.8% during the fourth quarter. Bragg Financial Advisors Inc now owns 53,786 shares of the company’s stock worth $9,135,000 after purchasing an additional 957 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of PepsiCo during the 4th quarter worth about $3,480,000. Baird Financial Group Inc. grew its holdings in shares of PepsiCo by 4.4% in the 4th quarter. Baird Financial Group Inc. now owns 1,381,461 shares of the company’s stock valued at $234,627,000 after acquiring an additional 58,472 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of PepsiCo by 5.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 118,602 shares of the company’s stock valued at $20,143,000 after acquiring an additional 5,743 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in PepsiCo by 11.1% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 603,985 shares of the company’s stock worth $102,581,000 after acquiring an additional 60,556 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. BNP Paribas began coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $184.07.

PepsiCo Stock Performance

NASDAQ:PEP traded up $0.94 during mid-day trading on Friday, hitting $173.93. 1,241,822 shares of the stock were exchanged, compared to its average volume of 5,492,819. The stock has a market capitalization of $238.63 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The firm’s 50-day simple moving average is $173.59 and its 200 day simple moving average is $172.07. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $157.43 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.12%. PepsiCo’s dividend payout ratio is presently 79.94%.

PepsiCo Company 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.