Cascade Financial Partners LLC Buys 6,029 Shares of PepsiCo, Inc. $PEP

Key Points

• Cascade Financial Partners LLC increased its stake in PepsiCo by 4.2%, owning 149,231 shares now valued at approximately $22.37 million, making it the firm's 5th largest holding.
• PepsiCo recently reported quarterly earnings of $2.12 per share, exceeding analyst estimates, with a revenue of $22.73 billion, reflecting a year-over-year growth of 1%.
• The company declared a quarterly dividend of $1.4225 per share, representing an annual yield of 3.8%, with a payout ratio of 103.64%.

Cascade Financial Partners LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,231 shares of the company's stock after acquiring an additional 6,029 shares during the quarter. PepsiCo comprises approximately 2.8% of Cascade Financial Partners LLC's holdings, making the stock its 5th largest position. Cascade Financial Partners LLC's holdings in PepsiCo were worth $22,376,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PEP. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth about $31,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo during the 1st quarter worth about $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 1.7%

PEP stock traded up $2.61 during trading hours on Tuesday, reaching $152.16. 8,593,550 shares of the stock were exchanged, compared to its average volume of 7,820,128. The company has a market cap of $208.32 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.98 and a beta of 0.45. The firm's 50-day moving average is $138.19 and its 200-day moving average is $140.56. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $158.73.

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.