Opus Capital Group LLC Sells 184 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Opus Capital Group LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,656 shares of the company’s stock after selling 184 shares during the quarter. Opus Capital Group LLC’s holdings in PepsiCo were worth $548,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after buying an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company’s stock valued at $677,000 after purchasing an additional 824 shares during the period. OFI Invest Asset Management purchased a new position in shares of PepsiCo during the 4th quarter valued at about $435,000. Finally, AlphaQuest LLC lifted its holdings in PepsiCo by 126.6% in the 4th quarter. AlphaQuest LLC now owns 2,579 shares of the company’s stock worth $392,000 after purchasing an additional 1,441 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Barclays decreased their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $159.75.

PepsiCo Trading Down 0.1%

PEP stock opened at $134.31 on Tuesday. The stock has a market capitalization of $184.15 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm’s fifty day simple moving average is $131.42 and its two-hundred day simple moving average is $141.98.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 83.68%.

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.