Iron Horse Wealth Management LLC Acquires 94 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Iron Horse Wealth Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 795 shares of the company’s stock after acquiring an additional 94 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in PepsiCo were worth $121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at $44,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2 %

Shares of PEP stock opened at $145.35 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a 50 day moving average of $152.15 and a 200 day moving average of $164.39. The stock has a market cap of $199.42 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PEP shares. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday. Morgan Stanley lowered their target price 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. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $171.47.

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.