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

Hall Laurie J Trustee lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) 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:PEP) 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.

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.