Buffington Mohr McNeal Sells 1,039 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Buffington Mohr McNeal lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 33.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,057 shares of the company’s stock after selling 1,039 shares during the period. Buffington Mohr McNeal’s holdings in PepsiCo were worth $308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ossiam boosted its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after buying an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after acquiring an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its holdings in PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after purchasing an additional 6,112 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PEP shares. Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $159.75.

PepsiCo Stock Up 0.9%

PEP opened at $136.48 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a fifty day moving average of $131.36 and a 200-day moving average of $142.54. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a market capitalization of $187.12 billion, a P/E ratio of 20.07, a P/E/G ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.17%. PepsiCo’s payout ratio is presently 83.68%.

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.