AA Financial Advisors LLC Sells 180 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AA Financial Advisors LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,185 shares of the company’s stock after selling 180 shares during the quarter. AA Financial Advisors LLC’s holdings in PepsiCo were worth $202,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Range Financial Group LLC grew its holdings in shares of PepsiCo by 5.7% during the 1st quarter. Range Financial Group LLC now owns 2,606 shares of the company’s stock valued at $456,000 after purchasing an additional 141 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of PepsiCo during the 1st quarter valued at approximately $28,366,000. Pacifica Partners Inc. grew its holdings in shares of PepsiCo by 37.1% during the 1st quarter. Pacifica Partners Inc. now owns 11,556 shares of the company’s stock valued at $1,993,000 after purchasing an additional 3,128 shares during the last quarter. Perkins Coie Trust Co grew its holdings in shares of PepsiCo by 1.3% during the 1st quarter. Perkins Coie Trust Co now owns 34,203 shares of the company’s stock valued at $5,986,000 after purchasing an additional 445 shares during the last quarter. Finally, Doliver Advisors LP boosted its position in PepsiCo by 101.8% during the 1st quarter. Doliver Advisors LP now owns 5,202 shares of the company’s stock worth $910,000 after buying an additional 2,624 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Bank of America cut their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. Finally, Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $175.06 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The firm’s fifty day moving average is $173.78 and its 200 day moving average is $172.15. The company has a market capitalization of $240.67 billion, a PE ratio of 25.41, a PEG ratio of 3.28 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the company earned $2.25 EPS. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

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.