PepsiCo, Inc. (NASDAQ:PEP) Stock Position Boosted by Heritage Wealth Advisors

Heritage Wealth Advisors raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 271,118 shares of the company’s stock after buying an additional 6,735 shares during the period. PepsiCo makes up about 2.0% of Heritage Wealth Advisors’ investment portfolio, making the stock its 22nd largest holding. Heritage Wealth Advisors’ holdings in PepsiCo were worth $41,226,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of PEP. Howard Capital Management Group LLC boosted its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares during the period. DRW Securities LLC grew its position in PepsiCo by 59.8% in the third quarter. DRW Securities LLC now owns 4,250 shares of the company’s stock valued at $723,000 after acquiring an additional 1,591 shares during the period. Loomis Sayles & Co. L P increased its position in shares of PepsiCo by 7.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock worth $334,000 after purchasing an additional 130 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of PepsiCo by 5.2% in the third quarter. Truvestments Capital LLC now owns 2,732 shares of the company’s stock valued at $465,000 after acquiring an additional 134 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in PepsiCo by 5.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 2,313 shares of the company’s stock worth $393,000 after purchasing an additional 118 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, HSBC reduced their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $169.88.

PepsiCo Stock Down 0.6 %

PEP stock opened at $145.54 on Wednesday. The firm has a market capitalization of $199.61 billion, a PE ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. The business’s 50 day simple moving average is $149.09 and its 200 day simple moving average is $158.50. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

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.