HBW Advisory Services LLC Buys 1,119 Shares of PepsiCo, Inc. (NASDAQ:PEP)

HBW Advisory Services LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,775 shares of the company’s stock after purchasing an additional 1,119 shares during the period. HBW Advisory Services LLC’s holdings in PepsiCo were worth $3,615,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PEP. Empowered Funds LLC raised its position in shares of PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after acquiring an additional 8,406 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after acquiring an additional 34,633 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock worth $5,493,000 after acquiring an additional 5,220 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of PepsiCo in the 3rd quarter worth about $9,589,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in shares of PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after acquiring an additional 4,712 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock traded down $4.02 on Friday, reaching $142.52. The company’s stock had a trading volume of 5,956,639 shares, compared to its average volume of 6,614,873. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a market capitalization of $195.54 billion, a P/E ratio of 21.02, a PEG ratio of 2.94 and a beta of 0.54. The stock’s 50 day simple moving average is $157.81 and its 200-day simple moving average is $166.68.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.80%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler began coverage on PepsiCo in a research report on Tuesday. They issued an “overweight” rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $180.64.

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.