Kennedy Investment Group Purchases 335 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kennedy Investment Group boosted its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,735 shares of the company’s stock after purchasing an additional 335 shares during the period. Kennedy Investment Group’s holdings in PepsiCo were worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Clear Investment Research LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $25,000. Freedom Wealth Alliance LLC bought a new stake in PepsiCo during the 4th quarter valued at $29,000. Silicon Valley Capital Partners bought a new position in shares of PepsiCo in the fourth quarter valued at $36,000. Carderock Capital Management Inc. bought a new stake in shares of PepsiCo during the first quarter worth about $36,000. Finally, Kepos Capital LP bought a new position in PepsiCo in the 4th quarter valued at about $40,000. 71.40% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.8 %

Shares of NASDAQ PEP opened at $179.68 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. The stock has a market capitalization of $247.34 billion, a PE ratio of 31.47, a P/E/G ratio of 2.90 and a beta of 0.54. PepsiCo, Inc. has a one year low of $160.98 and a one year high of $196.88. The business’s fifty day moving average price is $182.85 and its 200-day moving average price is $184.59.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $1.265 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $5.06 annualized dividend and a dividend yield of 2.82%. PepsiCo’s dividend payout ratio is currently 88.62%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEP. Evercore ISI raised their target price on PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $193.00 to $195.00 in a report on Friday, July 14th. Royal Bank of Canada raised their price target on shares of PepsiCo from $178.00 to $180.00 in a research report on Friday, July 14th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective for the company. in a research report on Monday, July 17th. Finally, Argus lifted their target price on shares of PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to, PepsiCo presently has an average rating of “Hold” and a consensus price target of $192.00.

Get Our Latest Stock Report on PEP

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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