Bailard Inc. Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bailard Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,815 shares of the company’s stock after selling 2,775 shares during the quarter. Bailard Inc.’s holdings in PepsiCo were worth $11,844,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC boosted its position in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares during the period. Fortis Group Advisors LLC grew its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the first quarter valued at about $35,000. Finally, True Wealth Design LLC raised its stake in shares of PepsiCo by 812.0% during the fourth quarter. True Wealth Design LLC now owns 228 shares of the company’s stock valued at $39,000 after acquiring an additional 203 shares during 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 research analysts recently issued reports on PEP shares. JPMorgan Chase & Co. reduced their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada decreased their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Jefferies Financial Group dropped their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $185.53.

PepsiCo Stock Up 0.1 %

PEP stock traded up $0.10 during trading on Monday, hitting $175.97. 4,146,743 shares of the stock traded hands, compared to its average volume of 5,459,578. The stock has a market cap of $241.92 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The firm’s 50 day moving average is $169.37 and its two-hundred day moving average is $170.69.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the company earned $2.09 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s dividend payout ratio is presently 78.66%.

PepsiCo 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.