Investment House LLC Has $4.66 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Investment House LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 23.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,633 shares of the company’s stock after selling 9,182 shares during the quarter. Investment House LLC’s holdings in PepsiCo were worth $4,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB boosted its position in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC boosted its position in PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the last quarter. New England Asset Management Inc. boosted its position in PepsiCo by 3.1% during the third quarter. New England Asset Management Inc. now owns 11,387 shares of the company’s stock valued at $1,936,000 after purchasing an additional 345 shares during the last quarter. Windle Wealth LLC boosted its position in PepsiCo by 4.5% during the third quarter. Windle Wealth LLC now owns 38,458 shares of the company’s stock valued at $6,540,000 after purchasing an additional 1,639 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its position in PepsiCo by 5.6% during the third quarter. Aviance Capital Partners LLC now owns 16,545 shares of the company’s stock valued at $2,813,000 after purchasing an additional 876 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $168.00 to $156.00 in a research report on Tuesday. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Down 1.6 %

Shares of PEP opened at $148.99 on Wednesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-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. The firm has a market capitalization of $204.34 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s 50-day moving average price is $148.94 and its 200 day moving average price is $159.58.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company 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 dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.64%. PepsiCo’s dividend payout ratio is 77.99%.

PepsiCo Company 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.