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, HoldingsChannel.com 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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