DORCHESTER WEALTH MANAGEMENT Co Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

DORCHESTER WEALTH MANAGEMENT Co raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,180 shares of the company’s stock after acquiring an additional 840 shares during the quarter. PepsiCo makes up 1.7% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 21st largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in PepsiCo were worth $8,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the third quarter valued at about $28,000. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth 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. Finally, Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. UBS Group cut their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Up 3.0 %

Shares of PepsiCo stock opened at $153.50 on Friday. The company has a market cap of $210.53 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company’s 50 day moving average is $148.66 and its 200 day moving average is $162.18. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for 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 for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

About PepsiCo

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.