Mercer Global Advisors Inc. ADV Buys 4,912 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mercer Global Advisors Inc. ADV grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,170 shares of the company’s stock after buying an additional 4,912 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in PepsiCo were worth $38,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Gilbert & Cook Inc. grew its position in shares of PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after acquiring an additional 1,133 shares during the period. Aveo Capital Partners LLC lifted its position in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock valued at $931,000 after purchasing an additional 229 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock valued at $1,407,000 after purchasing an additional 2,974 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of PepsiCo by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after buying an additional 3,635 shares during the period. Finally, TrinityPoint Wealth LLC grew its stake in shares of PepsiCo by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after acquiring an additional 332 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $175.21 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $240.88 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The firm’s 50-day moving average is $173.20 and its 200 day moving average is $171.68.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. Research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEP. Morgan Stanley lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Bank of America decreased their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $185.53.

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.