Heritage Wealth Management Inc. CA Has $536,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Heritage Wealth Management Inc. CA increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 60.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,528 shares of the company’s stock after purchasing an additional 1,328 shares during the period. Heritage Wealth Management Inc. CA’s holdings in PepsiCo were worth $536,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. State Street Corp raised its stake in PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. grew its position in PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.7 %

Shares of PEP opened at $146.45 on Tuesday. The business’s 50 day simple moving average is $149.08 and its 200-day simple moving average is $158.73. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $200.86 billion, a P/E ratio of 21.07, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last announced its 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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 paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PEP. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $169.88.

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.