PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Opus Capital Group LLC

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Opus Capital Group LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.5% during the first quarter, reports. The fund owned 6,955 shares of the company’s stock after selling 1,083 shares during the period. Opus Capital Group LLC’s holdings in PepsiCo were worth $984,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PEP. McClarren Financial Advisors Inc. acquired a new position in PepsiCo during the fourth quarter worth $27,000. Emerson Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth $28,000. PrairieView Partners LLC acquired a new position in PepsiCo during the fourth quarter worth $30,000. Inspire Advisors LLC acquired a new position in PepsiCo during the fourth quarter worth $31,000. Finally, Interactive Financial Advisors purchased a new stake in PepsiCo in the fourth quarter valued at $33,000. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

PEP traded down $0.01 on Tuesday, hitting $145.78. 128,309 shares of the company traded hands, compared to its average volume of 5,645,717. The company has a 50 day moving average of $141.53 and a 200-day moving average of $140.48. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $201.41 billion, a PE ratio of 28.91, a PEG ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a 12-month low of $126.53 and a 12-month high of $148.77.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The firm 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%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were paid a $1.0225 dividend. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a yield of 2.81%. PepsiCo’s dividend payout ratio (DPR) is 73.96%.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Friday, February 12th. Morgan Stanley boosted their price objective on PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, April 22nd. Barclays upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price objective on the stock in a report on Monday, March 29th. Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a report on Monday, January 4th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $149.23.

PepsiCo Company 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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