Hendershot Investments Inc. Acquires 8,376 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hendershot Investments Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,177 shares of the company’s stock after purchasing an additional 8,376 shares during the period. PepsiCo accounts for 2.4% of Hendershot Investments Inc.’s portfolio, making the stock its 13th largest holding. Hendershot Investments Inc.’s holdings in PepsiCo were worth $17,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of PepsiCo in the third quarter valued at $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday. Barclays dropped their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 0.5 %

Shares of NASDAQ:PEP opened at $144.58 on Friday. The company has a 50 day moving average of $151.80 and a 200-day moving average of $164.26. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock has a market cap of $198.29 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.34 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. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.