Insight Advisors LLC PA Sells 250 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Insight Advisors LLC PA cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,824 shares of the company’s stock after selling 250 shares during the period. Insight Advisors LLC PA’s holdings in PepsiCo were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Consilio Wealth Advisors LLC bought a new stake in shares of PepsiCo during the 1st quarter valued at $274,000. Curat Global LLC bought a new stake in shares of PepsiCo during the 1st quarter valued at $641,000. Generali Investments Management Co LLC lifted its position in shares of PepsiCo by 14.7% during the 1st quarter. Generali Investments Management Co LLC now owns 15,556 shares of the company’s stock worth $2,332,000 after buying an additional 1,998 shares during the last quarter. MRA Advisory Group lifted its position in shares of PepsiCo by 23.9% during the 1st quarter. MRA Advisory Group now owns 1,994 shares of the company’s stock worth $299,000 after buying an additional 385 shares during the last quarter. Finally, Foster Group Inc. lifted its position in shares of PepsiCo by 15.0% during the 1st quarter. Foster Group Inc. now owns 4,940 shares of the company’s stock worth $741,000 after buying an additional 643 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $131.11 on Friday. The stock has a market cap of $179.76 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a fifty day moving average of $136.54 and a 200-day moving average of $146.43.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. PepsiCo’s dividend payout ratio is 83.68%.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Bank of America dropped their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $160.69.

About PepsiCo

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.