PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,133 shares of the company’s stock after selling 193 shares during the quarter. SignalPoint Asset Management LLC’s holdings in PepsiCo were worth $1,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cypress Wealth Services LLC lifted its holdings in PepsiCo by 2.3% in the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after acquiring an additional 58 shares during the period. Retirement Planning Co of New England Inc. lifted its holdings in PepsiCo by 0.9% in the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after acquiring an additional 59 shares during the period. Cullen Capital Management LLC raised its stake in shares of PepsiCo by 0.7% during the 1st quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock worth $1,467,000 after buying an additional 60 shares during the last quarter. Titleist Asset Management LTD. raised its stake in shares of PepsiCo by 2.9% during the 1st quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock worth $365,000 after buying an additional 62 shares during the last quarter. Finally, First Community Trust NA raised its stake in shares of PepsiCo by 1.5% during the 1st quarter. First Community Trust NA now owns 4,346 shares of the company’s stock worth $727,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Guggenheim lifted their price objective on PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Finally, Barclays dropped their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Trading Down 0.8 %

PEP traded down $1.32 during midday trading on Friday, hitting $174.55. The company’s stock had a trading volume of 3,295,615 shares, compared to its average volume of 3,998,575. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The firm has a market cap of $240.86 billion, a P/E ratio of 26.29, a PEG ratio of 3.45 and a beta of 0.55. The firm has a 50-day moving average price of $167.65 and a two-hundred day moving average price of $169.53. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s dividend payout ratio is currently 69.28%.

Insider Activity

In other news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The disclosure for this sale can be found here. Insiders have sold 14,896 shares of company stock valued at $2,602,868 in the last three months. Corporate insiders own 0.12% of the company’s stock.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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