Catalyst Financial Partners LLC Has $845,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Catalyst Financial Partners LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,977 shares of the company’s stock after selling 361 shares during the quarter. Catalyst Financial Partners LLC’s holdings in PepsiCo were worth $845,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $39,000. Finally, Avion Wealth raised its holdings in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $0.65 during midday trading on Thursday, reaching $178.06. The company’s stock had a trading volume of 2,419,686 shares, compared to its average volume of 5,631,914. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $244.79 billion, a P/E ratio of 26.72, a PEG ratio of 2.87 and a beta of 0.52. The firm has a 50 day moving average price of $170.49 and a 200-day moving average price of $168.70. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

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

PepsiCo Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on PEP shares. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.