ICA Group Wealth Management LLC Sells 125 Shares of PepsiCo, Inc. (NASDAQ:PEP)

ICA Group Wealth Management LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,548 shares of the company’s stock after selling 125 shares during the quarter. ICA Group Wealth Management LLC’s holdings in PepsiCo were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% in the fourth 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. Fortis Group Advisors LLC lifted its stake in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC bought a new stake in PepsiCo in the fourth quarter valued at about $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in PepsiCo in the fourth quarter valued at about $39,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEP. Barclays lowered their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.17.

PepsiCo Price Performance

Shares of PEP opened at $166.14 on Tuesday. The company has a 50 day moving average of $173.89 and a 200-day moving average of $170.40. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $228.41 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.67 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.26%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

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.