Moseley Investment Management Inc. Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Moseley Investment Management Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,733 shares of the company’s stock after purchasing an additional 391 shares during the period. PepsiCo accounts for 1.8% of Moseley Investment Management Inc.’s investment portfolio, making the stock its 11th largest holding. Moseley Investment Management Inc.’s holdings in PepsiCo were worth $3,099,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. Evercore ISI increased their target price on PepsiCo from $190.00 to $195.00 in a research report on Friday, July 14th. Barclays dropped their target price on PepsiCo from $206.00 to $198.00 in a research report on Monday, July 10th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $193.00 to $195.00 in a research report on Friday, July 14th. Royal Bank of Canada increased their target price on PepsiCo from $178.00 to $180.00 in a research report on Friday, July 14th. Finally, Argus increased their target price on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $192.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $181.23 on Friday. The firm has a market capitalization of $249.48 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. 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 business has a fifty day moving average of $182.74 and a 200 day moving average of $184.57. PepsiCo, Inc. has a 1 year low of $160.98 and a 1 year high of $196.88.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $1.265 dividend. The ex-dividend date is Thursday, August 31st. This represents a $5.06 dividend on an annualized basis and a yield of 2.79%. PepsiCo’s dividend payout ratio (DPR) is 88.62%.

About PepsiCo

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.