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

Key Points

• Heritage Wealth Advisors increased its stake in PepsiCo by 6.1%, acquiring an additional 16,601 shares, bringing its total to 287,719 shares valued at $43.14 million.
• PepsiCo's latest earnings report showed an EPS of $2.12, exceeding the estimate of $2.03, and the company also declared a quarterly dividend of $1.4225 per share with a yield of 4.1%.
• Wall Street analysts maintain a consensus rating of "Hold" for PepsiCo, with a target price of $158.73, though the estimates vary with some firms adjusting their ratings and price targets.

Heritage Wealth Advisors lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,719 shares of the company's stock after acquiring an additional 16,601 shares during the period. PepsiCo makes up 2.2% of Heritage Wealth Advisors' portfolio, making the stock its 19th biggest position. Heritage Wealth Advisors' holdings in PepsiCo were worth $43,141,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC boosted its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the period. Ossiam boosted its stake in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. Graybill Wealth Management LTD. purchased a new position in shares of PepsiCo in the first quarter valued at $3,633,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.36 during trading hours on Friday, reaching $139.28. The company's stock had a trading volume of 7,606,047 shares, compared to its average volume of 9,347,638. The company's 50 day simple moving average is $134.63 and its 200 day simple moving average is $140.89. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The stock has a market cap of $190.69 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the firm posted $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEP. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $158.73.

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.