Horizon Investment Services LLC Has $273,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Horizon Investment Services LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,797 shares of the company’s stock after purchasing an additional 142 shares during the period. Horizon Investment Services LLC’s holdings in PepsiCo were worth $273,000 as of its most recent SEC filing.

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

PepsiCo Price Performance

Shares of PEP opened at $149.27 on Friday. The firm has a market capitalization of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company’s 50-day moving average is $149.25 and its 200-day moving average is $158.17. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 company had revenue of $27.78 billion during 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 business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BNP Paribas cut their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price on the stock. Morgan Stanley decreased their price target 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, February 5th. Finally, Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.88.

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.