PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 0.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,296 shares of the company’s stock after selling 195 shares during the quarter. PepsiCo accounts for 1.9% of Hall Laurie J Trustee’s investment portfolio, making the stock its 16th largest position. Hall Laurie J Trustee’s holdings in PepsiCo were worth $5,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Fortis Group Advisors LLC raised its position in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo in the first quarter valued at about $35,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP traded up $2.03 during trading on Tuesday, reaching $175.85. 5,327,154 shares of the company’s stock were exchanged, compared to its average volume of 5,478,772. The stock has a market capitalization of $241.54 billion, a P/E ratio of 25.31, a PEG ratio of 3.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The business has a 50 day moving average price of $168.24 and a 200-day moving average price of $170.55.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the company posted $2.09 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. TD Cowen cut their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Bank of America dropped their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Barclays boosted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Morgan Stanley reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $185.53.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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