Cyrus J. Lawrence LLC Sells 143 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cyrus J. Lawrence LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,191 shares of the company’s stock after selling 143 shares during the period. Cyrus J. Lawrence LLC’s holdings in PepsiCo were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in shares of PepsiCo by 23.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after buying an additional 1,133 shares during the period. Aveo Capital Partners LLC boosted its stake in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after acquiring an additional 229 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in PepsiCo by 56.0% in the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after purchasing an additional 2,974 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of PepsiCo by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after purchasing an additional 3,635 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its holdings in shares of PepsiCo by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 2.0 %

Shares of NASDAQ:PEP opened at $171.18 on Monday. The stock’s 50-day simple moving average is $173.51 and its two-hundred day simple moving average is $171.87. The stock has a market capitalization of $235.34 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 3.06 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.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter last year, the firm posted $2.09 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.17%. PepsiCo’s dividend payout ratio is currently 78.66%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company reduced their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday. Barclays boosted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.