One Day In July LLC Sells 199 Shares of PepsiCo, Inc. (NASDAQ:PEP)

One Day In July LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,305 shares of the company’s stock after selling 199 shares during the period. One Day In July LLC’s holdings in PepsiCo were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amplius Wealth Advisors LLC boosted its holdings in PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares in the last quarter. Darwin Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares in the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of PepsiCo by 1.6% in the fourth quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after purchasing an additional 64 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its holdings in shares of PepsiCo by 3.1% in the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.03 during trading hours on Wednesday, reaching $175.88. The stock had a trading volume of 1,308,644 shares, compared to its average volume of 5,752,315. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock has a 50 day simple moving average of $169.74 and a 200 day simple moving average of $168.16. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The stock has a market cap of $241.80 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.87 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $1.50 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. PepsiCo’s payout ratio is 76.09%.

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.