Cassia Capital Partners LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 35.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,320 shares of the company’s stock after selling 1,833 shares during the period. Cassia Capital Partners LLC’s holdings in PepsiCo were worth $505,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. grew its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter worth $44,000. Institutional investors own 73.07% of the company’s stock.
PepsiCo Price Performance
Shares of PepsiCo stock opened at $143.49 on Wednesday. The firm has a market cap of $196.87 billion, a PE ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54. The business has a 50-day moving average price of $152.86 and a 200 day moving average price of $164.71. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.
PepsiCo Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on PEP shares. BNP Paribas reduced their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday. Finally, TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $174.53.
Check Out Our Latest Report on PEP
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.
See Also
- Five stocks we like better than PepsiCo
- Breakout Stocks: What They Are and How to Identify Them
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- Using the MarketBeat Dividend Tax Calculator
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.