Hopwood Financial Services Inc. Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

Hopwood Financial Services Inc. bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,047 shares of the company's stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB lifted its holdings in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after acquiring an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC lifted its stake in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after acquiring an additional 90 shares during the period. Assetmark Inc. raised its stake in PepsiCo by 19.7% in the third quarter. Assetmark Inc. now owns 40,780 shares of the company's stock worth $6,935,000 after buying an additional 6,704 shares in the last quarter. Ashton Thomas Securities LLC lifted its stake in shares of PepsiCo by 53.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 2,360 shares of the company's stock worth $401,000 after purchasing an additional 818 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in shares of PepsiCo by 329.3% in the 3rd quarter. WCM Investment Management LLC now owns 5,933 shares of the company's stock worth $1,009,000 after buying an additional 4,551 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 2.5 %

PEP stock opened at $152.33 on Wednesday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market capitalization of $208.92 billion, a P/E ratio of 21.92, a P/E/G 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 simple moving average is $148.90 and its 200-day simple moving average is $160.46.

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PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The firm's revenue was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research reports. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI reduced their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $172.35.

PepsiCo 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.

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