M Holdings Securities Inc. Increases Stake in PepsiCo, Inc. (PEP)

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M Holdings Securities Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.2% in the third quarter, Holdings Channel reports. The fund owned 22,784 shares of the company’s stock after acquiring an additional 2,288 shares during the quarter. M Holdings Securities Inc.’s holdings in PepsiCo were worth $2,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in PepsiCo by 1.0% during the 3rd quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock worth $10,601,611,000 after acquiring an additional 974,404 shares during the period. Bank of New York Mellon Corp grew its holdings in PepsiCo by 3,272,537.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock worth $2,228,213,000 after acquiring an additional 19,929,756 shares during the period. FMR LLC grew its holdings in PepsiCo by 4.9% during the 2nd quarter. FMR LLC now owns 10,129,130 shares of the company’s stock worth $1,102,759,000 after acquiring an additional 471,913 shares during the period. Fundsmith Equity Fund L.P. acquired a new stake in PepsiCo during the 2nd quarter worth about $836,330,000. Finally, Fisher Asset Management LLC grew its holdings in PepsiCo by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 6,658,246 shares of the company’s stock worth $744,392,000 after acquiring an additional 161,821 shares during the period. Institutional investors own 70.08% of the company’s stock.

Shares of PEP opened at $115.93 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.99 and a quick ratio of 0.85. The stock has a market capitalization of $162.82 billion, a PE ratio of 20.48, a PEG ratio of 3.01 and a beta of 0.62. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.00.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.71 annualized dividend and a dividend yield of 3.20%. PepsiCo’s dividend payout ratio is presently 65.55%.

A number of brokerages have weighed in on PEP. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research reiterated a “sell” rating on shares of PepsiCo in a report on Wednesday, November 14th. Jefferies Financial Group increased their price target on PepsiCo to $119.00 and gave the stock a “hold” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, UBS Group began coverage on PepsiCo in a report on Thursday, December 13th. They set a “neutral” rating and a $123.00 price target for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $119.83.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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