Catalyst Financial Partners LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Catalyst Financial Partners LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,977 shares of the company’s stock after selling 361 shares during the period. Catalyst Financial Partners LLC’s holdings in PepsiCo were worth $845,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC boosted its holdings in PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the last quarter. Darwin Wealth Management LLC grew its stake in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares during the period. Sugarloaf Wealth Management LLC increased its position in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp boosted its position in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the period. Finally, Clearwater Capital Advisors LLC increased its holdings in PepsiCo by 2.3% during the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after purchasing an additional 61 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4 %

NASDAQ PEP traded up $0.65 during trading on Thursday, reaching $178.06. 2,419,686 shares of the company’s stock were exchanged, compared to its average volume of 5,631,914. The firm has a market capitalization of $244.79 billion, a PE ratio of 26.72, a P/E/G ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $170.49 and its 200-day simple moving average is $168.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PEP shares. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.