PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,304 shares of the company’s stock after selling 59,607 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PepsiCo were worth $81,526,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in PepsiCo during the fourth quarter valued at $2,686,139,000. Flossbach Von Storch AG boosted its holdings in shares of PepsiCo by 67.2% during the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares during the period. PineStone Asset Management Inc. lifted its position in PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after acquiring an additional 1,523,631 shares during the last quarter. Franklin Resources Inc. grew its position in shares of PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after purchasing an additional 1,345,065 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after purchasing an additional 1,179,922 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. TD Cowen cut their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada cut their price objective 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. Finally, Morgan Stanley decreased their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.60 during midday trading on Friday, reaching $177.34. 6,395,276 shares of the company traded hands, compared to its average volume of 5,471,998. The stock’s 50-day simple moving average is $170.96 and its 200-day simple moving average is $171.13. 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, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The firm has a market cap of $243.59 billion, a PE ratio of 25.74, a PEG ratio of 2.98 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 3.06%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

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.