Horrell Capital Management Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,075 shares of the company’s stock after purchasing an additional 571 shares during the period. PepsiCo accounts for about 1.9% of Horrell Capital Management Inc.’s portfolio, making the stock its 15th largest position. Horrell Capital Management Inc.’s holdings in PepsiCo were worth $3,607,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in PEP. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of PepsiCo during the fourth quarter worth $201,000. Round Table Services LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $201,000. Bouchey Financial Group Ltd bought a new stake in shares of PepsiCo during the fourth quarter worth $214,000. Oakmont Partners LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $220,000. Finally, KCS Wealth Advisory bought a new stake in shares of PepsiCo during the fourth quarter worth $239,000. Institutional investors own 70.79% of the company’s stock.
PEP stock opened at $109.90 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 3.03. PepsiCo, Inc. has a 1-year low of $106.19 and a 1-year high of $122.51. The stock has a market capitalization of $158,518.53, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.69.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. PepsiCo had a return on equity of 61.14% and a net margin of 7.65%. The firm had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. sell-side analysts expect that PepsiCo, Inc. will post 5.7 EPS for the current year.
PepsiCo declared that its Board of Directors has initiated a share buyback program on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio (DPR) is currently 95.55%.
PEP has been the topic of several research analyst reports. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Monday, December 4th. SunTrust Banks initiated coverage on PepsiCo in a report on Monday, January 29th. They issued a “hold” rating and a $125.00 price target on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $124.00 price target (up previously from $122.00) on shares of PepsiCo in a report on Thursday, February 1st. Wells Fargo raised their price target on PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Finally, BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $123.04.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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