Teachers Retirement System of The State of Kentucky Sells 5,894 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 112,569 shares of the company’s stock after selling 5,894 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PepsiCo were worth $19,701,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Strategy Asset Managers LLC lifted its stake in shares of PepsiCo by 0.9% in the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock valued at $1,161,000 after purchasing an additional 57 shares in the last quarter. SYM FINANCIAL Corp grew its stake in PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after buying an additional 61 shares during the period. Clearwater Capital Advisors LLC increased its position in shares of PepsiCo by 2.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after acquiring an additional 61 shares in the last quarter. Security Financial Services INC. raised its stake in shares of PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares during the period. Finally, Arbor Investment Advisors LLC boosted its position in PepsiCo by 3.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,779 shares of the company’s stock worth $311,000 after purchasing an additional 61 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.8 %

NASDAQ:PEP traded up $3.08 during mid-day trading on Friday, reaching $178.04. The stock had a trading volume of 6,856,083 shares, compared to its average volume of 5,787,874. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The company has a market capitalization of $244.55 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $189.22. The stock’s 50 day simple moving average is $168.15 and its two-hundred day simple moving average is $170.11.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the firm earned $2.09 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Insider Activity at PepsiCo

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

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Barclays raised their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Jefferies Financial Group dropped their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, TD Cowen cut their price objective 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target 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.