FourThought Financial Partners LLC Purchases 4,092 Shares of PepsiCo, Inc. $PEP

FourThought Financial Partners LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 128,868 shares of the company’s stock after acquiring an additional 4,092 shares during the quarter. PepsiCo comprises approximately 1.5% of FourThought Financial Partners LLC’s holdings, making the stock its 16th largest holding. FourThought Financial Partners LLC’s holdings in PepsiCo were worth $18,495,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter valued at $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Strategic Advocates LLC purchased a new position in PepsiCo in the third quarter worth about $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in PepsiCo during the fourth quarter valued at approximately $33,000. Finally, Highline Wealth Partners LLC lifted its stake in shares of PepsiCo by 56.3% in the 4th quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $149.29 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The stock has a market cap of $204.05 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.38. The firm has a 50-day moving average of $154.60 and a two-hundred day moving average of $152.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s dividend payout ratio is presently 89.32%.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Analysts Set New Price Targets

A number of analysts recently issued reports on PEP shares. UBS Group lowered their price target on PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $165.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group upped their price target on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. Barclays raised their price objective on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Citigroup upped their target price on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.11.

View Our Latest Analysis on PepsiCo

About PepsiCo

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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