PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,236 shares of the company’s stock after selling 187 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in PepsiCo were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of PEP. Franklin Resources Inc. boosted its stake in PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after acquiring an additional 1,345,065 shares in the last quarter. Stifel Financial Corp boosted its position in shares of PepsiCo by 15.7% in the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after purchasing an additional 693,873 shares during the period. Sanders Capital LLC grew its stake in PepsiCo by 2.9% during the 4th quarter. Sanders Capital LLC now owns 4,755,895 shares of the company’s stock worth $807,741,000 after buying an additional 135,300 shares during the last quarter. Flossbach Von Storch AG increased its position in PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of PepsiCo by 5.9% during the first quarter. Nordea Investment Management AB now owns 4,000,341 shares of the company’s stock worth $701,780,000 after acquiring an additional 221,808 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Bank of America lowered their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Jefferies Financial Group decreased their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Trading Up 0.1 %

PEP stock opened at $177.36 on Monday. The business has a fifty day simple moving average of $172.37 and a 200-day simple moving average of $171.48. The company has a market cap of $243.62 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.03 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.06%. PepsiCo’s payout ratio is 78.66%.

PepsiCo 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.