PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,874 shares of the company’s stock after buying an additional 162 shares during the period. Cahaba Wealth Management Inc.’s holdings in PepsiCo were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PEP. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $28,000. Collier Financial purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $144.43 on Monday. The firm’s 50 day moving average price is $148.37 and its two-hundred day moving average price is $155.68. 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 $138.33 and a 52-week high of $183.41. The stock has a market cap of $198.06 billion, a PE ratio of 20.78, a PEG ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, HSBC dropped their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.88.

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.