Mercer Global Advisors Inc. ADV Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Mercer Global Advisors Inc. ADV lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,630 shares of the company's stock after selling 11,715 shares during the period. Mercer Global Advisors Inc. ADV's holdings in PepsiCo were worth $34,005,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Tcfg Wealth Management LLC boosted its position in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC boosted its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after buying an additional 70 shares during the period. Osprey Private Wealth LLC raised its position in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares during the period. Finally, TAGStone Capital Inc. boosted its stake in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. TD Cowen decreased their target price on PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

PEP traded up $0.20 during trading hours on Friday, hitting $133.75. The company's stock had a trading volume of 7,166,959 shares, compared to its average volume of 6,224,713. PepsiCo, Inc. has a 12 month low of $131.52 and a 12 month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business's 50-day moving average price is $145.94 and its 200-day moving average price is $152.38. The stock has a market cap of $183.38 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 79.71%.

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.