Atlas Capital Advisors LLC Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atlas Capital Advisors LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,049 shares of the company’s stock after selling 100 shares during the period. Atlas Capital Advisors LLC’s holdings in PepsiCo were worth $184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC increased its position in shares of PepsiCo by 100.0% during 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 last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the 4th quarter worth $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $166.74 on Thursday. 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 business has a 50-day simple moving average of $173.73 and a 200-day simple moving average of $170.37. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The stock has a market cap of $229.23 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, June 7th. PepsiCo’s payout ratio is currently 81.50%.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. BNP Paribas began coverage on shares of PepsiCo in a report on Monday. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $186.38.

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.