PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Raised by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 173,645 shares of the company’s stock after purchasing an additional 778 shares during the period. PepsiCo accounts for approximately 0.8% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 24th biggest holding. Farmers & Merchants Investments Inc.’s holdings in PepsiCo were worth $26,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tcfg Wealth Management LLC boosted its holdings in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after buying an additional 66 shares during the period. TAGStone Capital Inc. boosted its holdings in shares of PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC boosted its holdings in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after buying an additional 70 shares during the period. Legacy Financial Group LLC boosted its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after buying an additional 71 shares during the period. Finally, Atlantic Private Wealth LLC boosted its holdings in shares of PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock valued at $42,000 after buying an additional 75 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.1%

Shares of PepsiCo stock opened at $130.85 on Friday. The firm has a 50-day moving average of $134.63 and a 200-day moving average of $145.20. The stock has a market cap of $179.41 billion, a PE ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.35%. PepsiCo’s payout ratio is presently 83.68%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Finally, Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.69.

About PepsiCo

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.