PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,752,560 shares of the company’s stock after acquiring an additional 282,071 shares during the period. Federated Hermes Inc. owned approximately 0.13% of PepsiCo worth $266,494,000 at the end of the most recent reporting period.

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

PepsiCo Price Performance

NASDAQ PEP opened at $146.61 on Friday. The stock has a 50-day simple moving average of $149.33 and a 200 day simple moving average of $157.07. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market capitalization of $201.05 billion, a PE ratio of 21.09, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the business earned $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PEP shares. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.