AA Financial Advisors LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

AA Financial Advisors LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,365 shares of the company’s stock after selling 439 shares during the period. AA Financial Advisors LLC’s holdings in PepsiCo were worth $225,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PEP. Tennessee Valley Asset Management Partners grew its position in shares of PepsiCo by 7.9% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 2,307 shares of the company’s stock worth $392,000 after buying an additional 169 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in PepsiCo by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,894,900 shares of the company’s stock valued at $661,510,000 after purchasing an additional 33,193 shares during the period. River Street Advisors LLC raised its holdings in shares of PepsiCo by 7.1% in the 4th quarter. River Street Advisors LLC now owns 6,106 shares of the company’s stock valued at $1,037,000 after purchasing an additional 406 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of PepsiCo by 5.5% in the 4th quarter. Vontobel Holding Ltd. now owns 447,880 shares of the company’s stock worth $76,068,000 after purchasing an additional 23,349 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its stake in shares of PepsiCo by 16.9% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 153,271 shares of the company’s stock valued at $26,032,000 after purchasing an additional 22,208 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PEP shares. Barclays upped their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Royal Bank of Canada decreased their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Stock Performance

Shares of PEP traded up $0.78 during trading hours on Wednesday, reaching $173.15. 757,314 shares of the company traded hands, compared to its average volume of 5,486,317. The stock has a market capitalization of $238.04 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The business has a fifty day moving average price of $168.06 and a 200-day moving average price of $170.45. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same period last year, the business posted $2.09 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

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.