Mcdaniel Terry & Co. Acquires 8,452 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mcdaniel Terry & Co. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 182,145 shares of the company’s stock after buying an additional 8,452 shares during the period. PepsiCo comprises 2.3% of Mcdaniel Terry & Co.’s portfolio, making the stock its 20th largest holding. Mcdaniel Terry & Co.’s holdings in PepsiCo were worth $27,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. AMF Tjanstepension AB raised its holdings in shares of PepsiCo by 15.8% during the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares during the last quarter. Swedbank AB raised its holdings in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of PepsiCo by 3.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company’s stock valued at $35,365,000 after purchasing an additional 6,334 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new position in shares of PepsiCo during the third quarter valued at approximately $85,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. 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. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $145.81 on Thursday. 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 firm has a fifty day moving average price of $149.16 and a 200 day moving average price of $162.60. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The firm has a market cap of $199.98 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

About PepsiCo

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.