FourThought Financial Partners LLC Purchases 184 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FourThought Financial Partners LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,915 shares of the company’s stock after purchasing an additional 184 shares during the period. PepsiCo comprises 1.6% of FourThought Financial Partners LLC’s holdings, making the stock its 13th biggest holding. FourThought Financial Partners LLC’s holdings in PepsiCo were worth $13,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its stake in PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in PepsiCo during the 4th quarter worth $405,000. Manchester Capital Management LLC raised its position in PepsiCo by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after buying an additional 3,159 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4 %

Shares of PEP traded up $0.70 during mid-day trading on Friday, hitting $176.15. 3,492,120 shares of the company traded hands, compared to its average volume of 5,328,097. 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 1-year low of $155.83 and a 1-year high of $196.88. The company has a market capitalization of $242.17 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.52. The business has a 50 day moving average of $170.01 and a 200 day moving average of $168.26.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is 81.50%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.