Cottage Street Advisors LLC Has $3.34 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cottage Street Advisors LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,632 shares of the company’s stock after purchasing an additional 126 shares during the period. PepsiCo makes up approximately 2.3% of Cottage Street Advisors LLC’s holdings, making the stock its 15th largest position. Cottage Street Advisors LLC’s holdings in PepsiCo were worth $3,339,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PEP. Proquility Private Wealth Partners LLC grew its stake in shares of PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares during the period. Amplius Wealth Advisors LLC lifted its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares in the last quarter. Darwin Wealth Management LLC lifted its holdings in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares in the last quarter. Finally, Cassia Capital Partners LLC lifted its holdings in PepsiCo by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.8 %

Shares of PepsiCo stock traded up $1.44 during trading on Friday, hitting $175.01. The company’s stock had a trading volume of 5,710,539 shares, compared to its average volume of 6,548,546. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The stock has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. The stock has a 50-day moving average price of $168.26 and a two-hundred day moving average price of $168.04.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.89%. PepsiCo’s dividend payout ratio is presently 77.02%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Friday, February 9th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.77.

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.