PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the second quarter, HoldingsChannel.com reports. The firm owned 3,902 shares of the company’s stock after selling 59 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in PepsiCo were worth $643,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% in the 1st 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 period. POM Investment Strategies LLC boosted its holdings in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Fortis Group Advisors LLC increased its holdings in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter valued at $35,000. Finally, True Wealth Design LLC boosted its stake in PepsiCo by 812.0% during the 4th quarter. True Wealth Design LLC now owns 228 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock traded up $0.13 during trading on Friday, reaching $175.87. 5,283,617 shares of the company were exchanged, compared to its average volume of 5,466,141. The stock’s 50 day moving average price is $169.18 and its 200 day moving average price is $170.68. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The company has a market cap of $241.78 billion, a P/E ratio of 25.53, a PEG ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. As a group, analysts predict 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. Investors of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analyst Ratings Changes

A number of research analysts have commented on PEP shares. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas began coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Royal Bank of Canada lowered their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Morgan Stanley cut their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $185.53.

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.