Hoey Investments Inc. Has $818,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Hoey Investments Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,377 shares of the company’s stock after selling 411 shares during the quarter. Hoey Investments Inc.’s holdings in PepsiCo were worth $818,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth $28,000. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter valued at about $31,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Finally, Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $149.27 on Monday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $204.72 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The stock’s 50 day moving average price is $149.25 and its two-hundred day moving average price is $157.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Wells Fargo & Company dropped their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $169.88.

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.