PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Heritage Wealth Advisors

Heritage Wealth Advisors increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 271,118 shares of the company's stock after purchasing an additional 6,735 shares during the period. PepsiCo accounts for approximately 2.0% of Heritage Wealth Advisors' investment portfolio, making the stock its 22nd biggest position. Heritage Wealth Advisors' holdings in PepsiCo were worth $41,226,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Graney & King LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $168,000. Borer Denton & Associates Inc. lifted its position in PepsiCo by 1.1% during the fourth quarter. Borer Denton & Associates Inc. now owns 62,366 shares of the company's stock worth $9,483,000 after buying an additional 667 shares in the last quarter. Excalibur Management Corp boosted its stake in PepsiCo by 1.9% during the fourth quarter. Excalibur Management Corp now owns 16,209 shares of the company's stock worth $2,465,000 after buying an additional 306 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in PepsiCo by 28.7% in the 4th quarter. Ausdal Financial Partners Inc. now owns 10,177 shares of the company's stock valued at $1,547,000 after buying an additional 2,270 shares in the last quarter. Finally, TrueMark Investments LLC increased its stake in shares of PepsiCo by 51.8% in the 4th quarter. TrueMark Investments LLC now owns 30,825 shares of the company's stock worth $4,687,000 after acquiring an additional 10,519 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Barclays downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Wells Fargo & Company decreased 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. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $169.88.

PepsiCo Stock Down 0.3 %

Shares of PEP traded down $0.40 during midday trading on Friday, hitting $149.27. The company had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company's 50-day simple moving average is $149.25 and its 200-day simple moving average is $158.03.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. PepsiCo's dividend payout ratio is currently 77.99%.

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.