Heritage Financial Services LLC Buys 146 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Heritage Financial Services LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,423 shares of the company’s stock after buying an additional 146 shares during the quarter. Heritage Financial Services LLC’s holdings in PepsiCo were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its stake in shares of PepsiCo by 13.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 579 shares of the company’s stock valued at $95,000 after acquiring an additional 68 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in PepsiCo during the 2nd quarter worth $223,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of PepsiCo by 116.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 617,014 shares of the company’s stock valued at $101,764,000 after buying an additional 332,558 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of PepsiCo by 17.5% in the second quarter. Anchor Investment Management LLC now owns 26,359 shares of the company’s stock valued at $4,347,000 after buying an additional 3,923 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings in PepsiCo by 210.2% in the second quarter. Centaurus Financial Inc. now owns 14,419 shares of the company’s stock valued at $2,378,000 after acquiring an additional 9,770 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $151.90 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $208.41 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.91 and a beta of 0.54. The firm has a 50-day moving average of $153.51 and a 200-day moving average of $165.07. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. 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 3.57%. PepsiCo’s payout ratio is presently 79.94%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target on the stock. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $172.00 target price on shares of PepsiCo in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.73.

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.