Telos Capital Management Inc. Has $20.71 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Telos Capital Management Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,814 shares of the company’s stock after purchasing an additional 1,291 shares during the period. PepsiCo comprises 2.2% of Telos Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Telos Capital Management Inc.’s holdings in PepsiCo were worth $20,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Capital Advisors Ltd. LLC increased its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after acquiring an additional 139 shares during the period. Norden Group LLC increased its holdings in shares of PepsiCo by 3,345.6% in the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after acquiring an additional 174,171 shares during the period. M&G Plc increased its holdings in shares of PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares during the period. OLD Second National Bank of Aurora grew its stake in PepsiCo by 32.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after buying an additional 5,737 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its stake in PepsiCo by 1,320.5% during the 1st quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock worth $5,850,000 after buying an additional 31,072 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $175.01 on Tuesday. The business has a fifty day moving average of $173.86 and a two-hundred day moving average of $172.19. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a market cap of $240.60 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The company 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 firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.25 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday, September 20th. Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $183.92.

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.