Meritage Portfolio Management Has $1.22 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Meritage Portfolio Management lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,206 shares of the company’s stock after purchasing an additional 307 shares during the period. Meritage Portfolio Management’s holdings in PepsiCo were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Roffman Miller Associates Inc. PA lifted its stake in shares of PepsiCo by 0.3% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 229,688 shares of the company’s stock worth $39,010,000 after acquiring an additional 652 shares during the period. Lyell Wealth Management LP raised its position in shares of PepsiCo by 6.8% during the fourth quarter. Lyell Wealth Management LP now owns 29,903 shares of the company’s stock worth $5,079,000 after purchasing an additional 1,905 shares during the period. GHE LLC raised its position in shares of PepsiCo by 1.3% during the fourth quarter. GHE LLC now owns 11,024 shares of the company’s stock worth $1,872,000 after purchasing an additional 142 shares during the period. BIP Wealth LLC grew its holdings in PepsiCo by 46.3% during the fourth quarter. BIP Wealth LLC now owns 3,900 shares of the company’s stock worth $662,000 after buying an additional 1,234 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in PepsiCo by 4.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,765 shares of the company’s stock worth $5,225,000 after buying an additional 1,415 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2 %

NASDAQ PEP traded down $0.44 during trading on Friday, hitting $176.24. The company’s stock had a trading volume of 2,555,757 shares, compared to its average volume of 5,830,987. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a market cap of $242.29 billion, a PE ratio of 26.52, a P/E/G ratio of 2.80 and a beta of 0.53. The business’s 50 day simple moving average is $169.22 and its 200-day simple moving average is $167.76. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.