Hager Investment Management Services LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Hager Investment Management Services LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,087 shares of the company’s stock, valued at approximately $165,000.

A number of other hedge funds also recently made changes to their positions in PEP. Highline Wealth Partners LLC acquired a new position in PepsiCo in the 3rd quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. grew its position 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 purchasing an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Wells Fargo & Company cut their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $174.53.

PepsiCo Trading Down 4.5 %

Shares of NASDAQ:PEP opened at $143.49 on Wednesday. The stock has a 50 day moving average of $152.86 and a 200 day moving average of $164.71. The company has a market cap of $196.87 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.70 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.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders 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 dividend yield of 3.78%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.