Heritage Wealth Management Inc. Sells 150 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Heritage Wealth Management Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,724 shares of the company’s stock after selling 150 shares during the period. Heritage Wealth Management Inc.’s holdings in PepsiCo were worth $1,783,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $34,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PEP shares. Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Up 1.0 %

NASDAQ PEP opened at $153.47 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $210.48 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a 50 day moving average price of $148.59 and a 200-day moving average price of $161.53.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date 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 is presently 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.