1,449 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Cache Advisors LLC

Cache Advisors LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,449 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PEP. Collier Financial bought a new stake in PepsiCo during the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.6%

Shares of NASDAQ:PEP opened at $129.34 on Friday. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The business’s fifty day simple moving average is $139.53 and its 200-day simple moving average is $148.42. The company has a market capitalization of $177.34 billion, a PE ratio of 18.61, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Wells Fargo & Company cut their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $160.69.

About PepsiCo

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.