Herold Advisors Inc. Purchases 99 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Herold Advisors Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,536 shares of the company’s stock after buying an additional 99 shares during the period. Herold Advisors Inc.’s holdings in PepsiCo were worth $1,110,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEP. Park Place Capital Corp boosted its holdings in shares of PepsiCo by 7.1% during the 3rd quarter. Park Place Capital Corp now owns 4,975 shares of the company’s stock valued at $843,000 after purchasing an additional 330 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in shares of PepsiCo by 0.3% in the 3rd quarter. BTC Capital Management Inc. now owns 66,708 shares of the company’s stock valued at $11,303,000 after acquiring an additional 175 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of PepsiCo by 15.1% in the 3rd quarter. Founders Financial Securities LLC now owns 2,100 shares of the company’s stock valued at $356,000 after acquiring an additional 276 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of PepsiCo by 1.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 11,885 shares of the company’s stock valued at $2,014,000 after acquiring an additional 209 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC lifted its holdings in shares of PepsiCo by 5.8% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 3,663 shares of the company’s stock valued at $621,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Performance

PepsiCo stock opened at $175.58 on Friday. The firm has a market capitalization of $241.39 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The company’s 50-day moving average is $169.40 and its 200 day moving average is $167.86. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.