Dividend Assets Capital LLC Sells 713 Shares of PepsiCo, Inc. (NASDAQ:PEP)


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Dividend Assets Capital LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,473 shares of the company’s stock after selling 713 shares during the quarter. Dividend Assets Capital LLC’s holdings in PepsiCo were worth $2,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. lifted its holdings in shares of PepsiCo by 2.1% in the 4th quarter. Braun Stacey Associates Inc. now owns 136,187 shares of the company’s stock worth $20,197,000 after buying an additional 2,747 shares during the period. O Shares Investment Advisers LLC increased its position in PepsiCo by 10.1% during the 4th quarter. O Shares Investment Advisers LLC now owns 94,351 shares of the company’s stock valued at $13,992,000 after buying an additional 8,688 shares in the last quarter. Steel Peak Wealth Management LLC boosted its stake in shares of PepsiCo by 102.6% in the fourth quarter. Steel Peak Wealth Management LLC now owns 8,936 shares of the company’s stock worth $1,325,000 after buying an additional 4,525 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of PepsiCo by 5.6% in the fourth quarter. Tompkins Financial Corp now owns 47,445 shares of the company’s stock worth $7,036,000 after buying an additional 2,505 shares during the last quarter. Finally, Lowell Blake & Associates Inc. boosted its stake in shares of PepsiCo by 3.2% in the fourth quarter. Lowell Blake & Associates Inc. now owns 31,053 shares of the company’s stock worth $4,605,000 after buying an additional 962 shares during the last quarter. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Barclays upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price on the stock in a research report on Monday, March 29th. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, April 1st. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Friday, February 12th. Credit Suisse Group raised their target price on PepsiCo from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Finally, UBS Group upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $145.00 to $165.00 in a research report on Tuesday, April 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. PepsiCo currently has a consensus rating of “Hold” and an average target price of $149.23.

NASDAQ PEP traded up $0.48 on Tuesday, hitting $146.27. 77,562 shares of the company’s stock were exchanged, compared to its average volume of 5,645,717. PepsiCo, Inc. has a fifty-two week low of $126.53 and a fifty-two week high of $148.77. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The firm’s 50-day moving average price is $141.53 and its two-hundred day moving average price is $140.48. The firm has a market cap of $202.09 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The company had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. PepsiCo’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. On average, research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were issued a dividend of $1.0225 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.80%. PepsiCo’s payout ratio is 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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