PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,917 shares of the company’s stock after selling 275 shares during the period. Profit Investment Management LLC’s holdings in PepsiCo were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cordant Inc. acquired a new position in shares of PepsiCo in the first quarter worth about $27,000. Landmark Wealth Management LLC acquired a new position in shares of PepsiCo in the first quarter worth about $29,000. Strategic Asset Management LLC raised its position in shares of PepsiCo by 53.3% during the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after purchasing an additional 96 shares during the last quarter. Retirement Group LLC raised its position in shares of PepsiCo by 100.0% during the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock worth $54,000 after purchasing an additional 161 shares during the last quarter. Finally, Lansing Street Advisors acquired a new position in shares of PepsiCo during the 1st quarter worth about $58,000. 71.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. UBS Group reduced their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. Finally, Barclays dropped their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.00.

PepsiCo Stock Performance

PepsiCo stock opened at $166.97 on Monday. The firm has a 50 day simple moving average of $173.45 and a 200-day simple moving average of $170.50. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $181.07. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market cap of $230.40 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 3.27 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.75%. PepsiCo’s payout ratio is currently 69.28%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven C. Williams sold 1,753 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

PepsiCo Company Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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