PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by PFS Partners LLC

PFS Partners LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 811 shares of the company’s stock after selling 188 shares during the quarter. PFS Partners LLC’s holdings in PepsiCo were worth $142,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $405,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares during the last quarter. Finally, Marion Wealth Management raised its holdings in shares of PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5 %

NASDAQ:PEP traded down $0.82 during trading hours on Thursday, reaching $165.92. 2,278,646 shares of the stock were exchanged, compared to its average volume of 5,475,236. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business has a 50-day moving average of $173.73 and a two-hundred day moving average of $170.37. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a market capitalization of $228.11 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.75 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. JPMorgan Chase & Co. upped their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group upped their price target on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Barclays dropped their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $186.38.

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.