PepsiCo, Inc. (NASDAQ:PEP) Position Cut by Sfmg LLC

Sfmg LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,209 shares of the company’s stock after selling 719 shares during the period. Sfmg LLC’s holdings in PepsiCo were worth $2,014,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Valued Wealth Advisors LLC lifted its position in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at $30,000. Fortis Group Advisors LLC lifted 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 acquiring an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of PepsiCo during the 1st quarter valued at $35,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.3 %

NASDAQ PEP opened at $169.92 on Wednesday. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $233.40 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.53. The firm’s fifty day simple moving average is $173.78 and its 200-day simple moving average is $171.98.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.19%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. Jefferies Financial Group reduced their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. TD Cowen reduced their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $185.53.

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.