Hantz Financial Services Inc. Sells 2,121 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hantz Financial Services Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,838 shares of the company's stock after selling 2,121 shares during the quarter. Hantz Financial Services Inc.'s holdings in PepsiCo were worth $6,058,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PEP. Global Wealth Strategies & Associates increased its holdings in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Mattson Financial Services LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. lifted its position in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.5 %

Shares of PEP stock traded up $0.78 on Thursday, hitting $151.15. The stock had a trading volume of 1,125,828 shares, compared to its average volume of 6,470,275. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The business 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. The stock has a market cap of $207.37 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently announced 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 was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.59%. PepsiCo's dividend payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. Royal Bank of Canada reiterated a "sector perform" rating and issued a $172.00 price target on shares of PepsiCo in a research note on Wednesday. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Redburn Atlantic raised PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Finally, UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.