PepsiCo, Inc. (NASDAQ:PEP) Holdings Trimmed by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,842 shares of the company’s stock after selling 253 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in PepsiCo were worth $810,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vigilant Capital Management LLC lifted its holdings in shares of PepsiCo by 0.6% during the first quarter. Vigilant Capital Management LLC now owns 161,513 shares of the company’s stock valued at $27,034,000 after purchasing an additional 903 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of PepsiCo by 44.3% during the fourth quarter. TCW Group Inc. now owns 440,689 shares of the company’s stock valued at $76,553,000 after purchasing an additional 135,394 shares during the last quarter. Wealth Advisors of Iowa LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $224,000. TRH Financial LLC lifted its holdings in shares of PepsiCo by 19.3% during the first quarter. TRH Financial LLC now owns 56,012 shares of the company’s stock valued at $9,375,000 after purchasing an additional 9,078 shares during the last quarter. Finally, Canandaigua National Corp lifted its holdings in shares of PepsiCo by 2.3% during the fourth quarter. Canandaigua National Corp now owns 59,697 shares of the company’s stock valued at $10,370,000 after purchasing an additional 1,337 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PEP opened at $162.03 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market cap of $224.04 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 3.19 and a beta of 0.59. The business’s 50-day simple moving average is $166.98 and its 200-day simple moving average is $168.10. PepsiCo, Inc. has a 52 week low of $144.61 and a 52 week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a yield of 2.84%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio (DPR) is 62.93%.

In other PepsiCo news, EVP David Flavell sold 5,150 shares of the firm’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 value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares in the company, valued at approximately $4,951,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

PEP has been the subject of several analyst reports. UBS Group reduced their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday. Credit Suisse Group increased their price objective on PepsiCo from $163.00 to $168.00 in a research note on Wednesday, April 27th. Guggenheim increased their price objective on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. StockNews.com began coverage on PepsiCo in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Citigroup increased their price objective on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.13.

PepsiCo Profile (Get Rating)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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