Cassaday & Co Wealth Management LLC Acquires 354 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cassaday & Co Wealth Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,469 shares of the company’s stock after buying an additional 354 shares during the period. PepsiCo comprises 0.3% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 24th largest holding. Cassaday & Co Wealth Management LLC’s holdings in PepsiCo were worth $11,476,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PEP. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the third quarter valued at approximately $28,000. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter valued at $30,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $149.10 on Friday. The company has a market cap of $204.49 billion, a PE ratio of 21.45, a P/E/G ratio of 3.02 and a beta of 0.54. The firm’s 50 day moving average price is $148.94 and its 200-day moving average price is $162.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. Barclays lowered their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. TD Cowen dropped their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada assumed coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $171.47.

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.