M Holdings Securities Inc. Purchases Shares of 2,111 PepsiCo, Inc. (NASDAQ:PEP)

M Holdings Securities Inc. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,111 shares of the company’s stock, valued at approximately $321,000. PepsiCo comprises 0.2% of M Holdings Securities Inc.’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors also recently modified their holdings of the company. Collier Financial purchased a new position in PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter valued at about $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the fourth quarter worth about $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo during the 4th quarter valued at approximately $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $145.45 on Friday. The firm’s 50-day moving average price is $149.04 and its 200-day moving average price is $159.09. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market cap of $199.48 billion, a PE ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.

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.