Mcdaniel Terry & Co. Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Mcdaniel Terry & Co. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,145 shares of the company's stock after buying an additional 8,452 shares during the period. PepsiCo accounts for 2.3% of Mcdaniel Terry & Co.'s portfolio, making the stock its 20th biggest holding. Mcdaniel Terry & Co.'s holdings in PepsiCo were worth $27,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cross Staff Investments Inc increased its holdings in PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company's stock valued at $1,204,000 after acquiring an additional 60 shares during the last quarter. Paulson Wealth Management Inc. lifted its holdings in shares of PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock worth $508,000 after acquiring an additional 60 shares during the last quarter. LCM Capital Management Inc lifted its stake in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company's stock worth $1,288,000 after purchasing an additional 62 shares during the last quarter. Demars Financial Group LLC grew its stake in shares of PepsiCo by 1.1% during the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company's stock valued at $973,000 after buying an additional 62 shares during the last quarter. Finally, Sigma Investment Counselors Inc. lifted its stake in shares of PepsiCo by 1.6% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company's stock worth $733,000 after acquiring an additional 66 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price objective on shares of PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Citigroup lowered their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $171.47.

PepsiCo Stock Up 2.9 %

PEP traded up $4.26 during trading on Friday, hitting $153.36. The stock had a trading volume of 6,511,954 shares, compared to its average volume of 6,858,976. The stock has a 50 day simple moving average of $148.75 and a two-hundred day simple moving average of $162.39. The company has a market capitalization of $210.33 billion, a PE ratio of 22.05, a PEG ratio of 3.02 and a beta of 0.54. 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, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.31 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio is presently 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.