NTV Asset Management LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

NTV Asset Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,440 shares of the company’s stock after acquiring an additional 1,127 shares during the period. NTV Asset Management LLC’s holdings in PepsiCo were worth $5,693,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new position in PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter worth $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $143.39 on Monday. The stock’s 50-day moving average is $149.80 and its two-hundred day moving average is $163.13. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $171.47.

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.