Cambient Family Office LLC Purchases Shares of 31,372 PepsiCo, Inc. $PEP

Cambient Family Office LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 31,372 shares of the company’s stock, valued at approximately $4,546,000.

Other hedge funds have also made changes to their positions in the company. Swiss RE Ltd. purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo in the fourth quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $33,000. Finally, Evolution Wealth Management Inc. raised its holdings in shares of PepsiCo by 47.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PEP shares. TD Cowen decreased their price target on PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a report on Friday, June 12th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler dropped their price target on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $167.10.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $142.02 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The business has a 50 day moving average price of $150.15 and a two-hundred day moving average price of $152.31. The firm has a market cap of $194.11 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s dividend payout ratio is currently 92.94%.

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.