PepsiCo, Inc. $PEP Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,322 shares of the company’s stock after selling 5,733 shares during the quarter. Brown Advisory Inc.’s holdings in PepsiCo were worth $45,728,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JSF Financial LLC grew its position in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares during the period. Dogwood Wealth Management LLC boosted its holdings in PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after buying an additional 72 shares during the last quarter. Weaver Consulting Group boosted its holdings in PepsiCo by 2.9% in the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock worth $341,000 after buying an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after buying an additional 74 shares in the last quarter. Finally, Bull Street Advisors LLC lifted its position in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 1.3%

Shares of NASDAQ PEP opened at $145.02 on Friday. The company has a market capitalization of $198.29 billion, a P/E ratio of 27.57, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a 50 day simple moving average of $146.66 and a 200-day simple moving average of $141.60. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $161.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Wells Fargo & Company boosted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Rothschild & Co Redburn increased their target price on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $156.90.

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.