Horizon Investment Services LLC Buys 142 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Horizon Investment Services LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,797 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Horizon Investment Services LLC’s holdings in PepsiCo were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Howard Capital Management Group LLC lifted its holdings in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares during the period. Loomis Sayles & Co. L P lifted its stake in PepsiCo by 7.1% during the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock worth $334,000 after purchasing an additional 130 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of PepsiCo by 30.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company’s stock valued at $11,740,000 after purchasing an additional 16,200 shares in the last quarter. Peterson Wealth Management raised its holdings in shares of PepsiCo by 0.4% during the 3rd quarter. Peterson Wealth Management now owns 34,691 shares of the company’s stock worth $5,899,000 after buying an additional 153 shares in the last quarter. Finally, William Allan Corp lifted its position in shares of PepsiCo by 4.4% during the 3rd quarter. William Allan Corp now owns 13,454 shares of the company’s stock worth $2,288,000 after buying an additional 563 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Royal Bank of Canada started coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $149.27 on Friday. The company has a market cap of $204.72 billion, a P/E ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average price of $149.25 and a two-hundred day moving average price of $158.17. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is currently 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.