PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Cascade Financial Partners LLC

Cascade Financial Partners LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,231 shares of the company’s stock after buying an additional 6,029 shares during the period. PepsiCo makes up approximately 2.8% of Cascade Financial Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Cascade Financial Partners LLC’s holdings in PepsiCo were worth $22,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the fourth quarter valued at $31,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the first quarter valued at $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PEP shares. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.73.

PepsiCo Stock Up 1.2%

Shares of NASDAQ PEP opened at $150.40 on Friday. The company’s 50-day simple moving average is $137.39 and its 200-day simple moving average is $140.56. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The firm has a market cap of $205.91 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 4.01 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s payout ratio is presently 103.64%.

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.