PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,250 shares of the company’s stock after selling 90 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in PepsiCo were worth $391,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in PepsiCo by 86.9% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Fortis Advisors LLC acquired a new position in PepsiCo in the third quarter worth $38,000. Leverty Financial Group LLC acquired a new position in PepsiCo in the fourth quarter worth $38,000. Bell Investment Advisors Inc acquired a new position in PepsiCo in the third quarter worth $56,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in PepsiCo by 229.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock worth $56,000 after purchasing an additional 225 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

PepsiCo stock traded up $3.32 during midday trading on Friday, hitting $173.72. The company’s stock had a trading volume of 4,713,867 shares, compared to its average volume of 5,371,708. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The stock’s 50-day moving average price is $168.17 and its 200-day moving average price is $168.12. PepsiCo, Inc. has a 12 month low of $144.08 and a 12 month high of $177.62. The company has a market capitalization of $240.20 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.39 and a beta of 0.58.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.54 billion. During the same period in the previous year, the business earned $1.21 earnings per share. PepsiCo’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be given a $1.15 dividend. The ex-dividend date is Thursday, June 2nd. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.65%. PepsiCo’s payout ratio is 58.82%.

A number of equities analysts have commented on the stock. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Tuesday, February 15th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Guggenheim boosted their price target on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Finally, Morgan Stanley boosted their price target on shares of PepsiCo from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 8th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $176.56.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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