Folger Nolan Fleming Douglas Capital Management Inc. Has $16.22 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 95,523 shares of the company’s stock after purchasing an additional 567 shares during the quarter. PepsiCo accounts for approximately 1.8% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in PepsiCo were worth $16,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SS&H Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $5,062,000. Secure Asset Management LLC grew its position in shares of PepsiCo by 15.5% during the 3rd quarter. Secure Asset Management LLC now owns 2,726 shares of the company’s stock worth $462,000 after buying an additional 365 shares during the period. Welch Group LLC grew its position in shares of PepsiCo by 0.4% during the 3rd quarter. Welch Group LLC now owns 283,067 shares of the company’s stock worth $47,963,000 after buying an additional 1,076 shares during the period. Financial Strategies Group Inc. grew its position in shares of PepsiCo by 26.0% during the 3rd quarter. Financial Strategies Group Inc. now owns 14,368 shares of the company’s stock worth $2,304,000 after buying an additional 2,967 shares during the period. Finally, Norris Perne & French LLP MI lifted its holdings in shares of PepsiCo by 3.8% in the 3rd quarter. Norris Perne & French LLP MI now owns 6,415 shares of the company’s stock worth $1,087,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $1.10 during mid-day trading on Friday, reaching $175.58. 4,472,102 shares of the company’s stock were exchanged, compared to its average volume of 5,365,961. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm has a 50-day moving average price of $169.40 and a two-hundred day moving average price of $167.86.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. Analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

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.