PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,572 shares of the company’s stock after selling 345 shares during the period. Sunbelt Securities Inc.’s holdings in PepsiCo were worth $3,558,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its stake in 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 purchasing an additional 69 shares during the period. POM Investment Strategies LLC boosted its stake in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in PepsiCo in the 2nd quarter worth approximately $30,000. Fortis Group Advisors LLC boosted its stake in PepsiCo by 100.0% in 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 period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in PepsiCo in the 1st quarter worth approximately $35,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $170.00 on Monday. The company has a market capitalization of $233.51 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.93 and a beta of 0.53. The firm’s fifty day simple moving average is $173.77 and its 200-day simple moving average is $172.08. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41.

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 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.19%. PepsiCo’s payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEP. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Bank of America cut their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Royal Bank of Canada cut their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Jefferies Financial Group cut their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company cut their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.