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

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

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cerity Partners LLC grew its position in PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC grew its position in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after acquiring an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in PepsiCo during the 4th quarter worth $405,000. Manchester Capital Management LLC grew its position in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after acquiring an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after acquiring an additional 3,159 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP stock opened at $175.58 on Friday. The firm has a market cap of $241.39 billion, a PE ratio of 26.40, a P/E/G ratio of 2.88 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average of $169.40 and a 200-day moving average of $167.86. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period in the prior year, the company posted $1.50 earnings per share. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.