Dimension Capital Management LLC Sells 774 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Dimension Capital Management LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 37.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,309 shares of the company’s stock after selling 774 shares during the period. Dimension Capital Management LLC’s holdings in PepsiCo were worth $216,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PEP. Valued Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. POM Investment Strategies LLC raised its position in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at approximately $30,000. Fortis Group Advisors LLC increased its stake in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $35,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

PepsiCo stock opened at $169.40 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The stock has a market cap of $232.68 billion, a P/E ratio of 24.59, a PEG ratio of 2.97 and a beta of 0.53. The firm’s fifty day moving average price is $173.78 and its 200-day moving average price is $171.98.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the firm posted $2.09 EPS. The company’s revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 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 target price for the company. in a research report on Friday, September 20th. TD Cowen decreased their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Wells Fargo & Company lowered their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Nine equities 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 stock presently has a consensus rating of “Hold” and an average price target of $185.53.

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.