Horizon Wealth Management LLC Acquires 74 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Horizon Wealth Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,729 shares of the company’s stock after buying an additional 74 shares during the quarter. Horizon Wealth Management LLC’s holdings in PepsiCo were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA lifted its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo in the fourth quarter worth $34,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the first quarter worth $35,000. Finally, Naples Money Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth $36,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 1.2 %

PEP stock opened at $162.89 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The stock has a market capitalization of $223.94 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The firm’s fifty day simple moving average is $173.37 and its two-hundred day simple moving average is $170.30.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.33%. PepsiCo’s payout ratio is 81.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 26th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $186.38.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

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.