PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,523 shares of the company’s stock after acquiring an additional 567 shares during the quarter. PepsiCo makes up approximately 1.8% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, 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 quarter.

A number of other hedge funds have also recently bought and sold shares of PEP. Amplius Wealth Advisors LLC grew its position in PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares in the last quarter. Darwin Wealth Management LLC boosted its holdings in shares of PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after buying an additional 65 shares during the period. Finally, Pathway Financial Advisors LLC boosted its holdings in shares of PepsiCo by 4.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $1.10 during midday 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 company’s 50 day simple moving average is $169.40 and its two-hundred day simple moving average is $167.86. The firm has a market capitalization of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. 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 is currently 76.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $187.42.

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.