PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Decreased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,120 shares of the company’s stock after selling 60 shares during the period. 180 Wealth Advisors LLC’s holdings in PepsiCo were worth $765,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEP. Clear Investment Research LLC bought a new position in PepsiCo in the fourth quarter worth about $25,000. Freedom Wealth Alliance LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners bought a new position in PepsiCo during the 4th quarter worth $36,000. Carderock Capital Management Inc. acquired a new stake in PepsiCo in the first quarter worth $36,000. Finally, Kepos Capital LP acquired a new position in shares of PepsiCo during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Stock Down 0.3 %

PEP stock opened at $179.38 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. The firm has a market cap of $246.93 billion, a PE ratio of 31.42, a P/E/G ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The firm has a 50 day simple moving average of $182.67 and a 200 day simple moving average of $184.61.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.13. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. During the same period last year, the company posted $1.86 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is presently 88.62%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PEP. Argus boosted their target price on shares of PepsiCo from $206.00 to $212.00 in a research note on Friday, July 14th. Barclays decreased their price objective on PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. Evercore ISI lifted their target price on PepsiCo from $190.00 to $195.00 in a research note on Friday, July 14th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target for the company. in a research note on Monday, July 17th. Finally, Wedbush lifted their price objective on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $192.00.

PepsiCo Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.