Cwm LLC Buys 148,344 Shares of PepsiCo, Inc. $PEP

Cwm LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 497,740 shares of the company’s stock after buying an additional 148,344 shares during the period. Cwm LLC’s holdings in PepsiCo were worth $69,903,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at $25,000. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo during the second quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC increased its position in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $143.64 on Friday. The business’s fifty day moving average is $147.47 and its 200 day moving average is $143.23. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $196.40 billion, a P/E ratio of 27.31, a P/E/G ratio of 4.96 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $151.00 to $164.00 in a research note on Wednesday, December 10th. Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $158.75.

About PepsiCo

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.