Brick & Kyle Associates Has $4.32 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Brick & Kyle Associates lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 26,219 shares of the company’s stock after selling 301 shares during the quarter. PepsiCo comprises approximately 1.8% of Brick & Kyle Associates’ portfolio, making the stock its 24th largest holding. Brick & Kyle Associates’ holdings in PepsiCo were worth $4,324,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its stake in shares of PepsiCo by 77.5% during 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 holdings in PepsiCo by 141.3% during 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 in the last quarter. Summit Securities Group LLC acquired a new position in PepsiCo during the second quarter valued at approximately $30,000. Fortis Group Advisors LLC grew its stake in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $35,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PEP shares. Royal Bank of Canada cut their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Jefferies Financial Group lowered their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Stock Up 0.2 %

Shares of PEP opened at $170.00 on Friday. The stock has a market capitalization of $233.71 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.97 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a fifty day moving average of $173.77 and a 200-day moving average of $171.98.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $22.59 billion. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm 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 dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

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.