PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,510 shares of the company’s stock after selling 421 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in PepsiCo were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bill Few Associates Inc. increased its position in PepsiCo by 3.7% during the third quarter. Bill Few Associates Inc. now owns 25,539 shares of the company’s stock worth $4,343,000 after buying an additional 917 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in PepsiCo by 21.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 9,422 shares of the company’s stock valued at $1,602,000 after purchasing an additional 1,683 shares during the last quarter. CFM Wealth Partners LLC boosted its stake in shares of PepsiCo by 6.3% during the 3rd quarter. CFM Wealth Partners LLC now owns 4,609 shares of the company’s stock worth $807,000 after purchasing an additional 272 shares during the last quarter. Acorn Creek Capital LLC grew its holdings in shares of PepsiCo by 11.3% during the third quarter. Acorn Creek Capital LLC now owns 1,857 shares of the company’s stock worth $316,000 after buying an additional 189 shares in the last quarter. Finally, QV Investors Inc. raised its position in shares of PepsiCo by 0.3% in the third quarter. QV Investors Inc. now owns 94,275 shares of the company’s stock valued at $16,031,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group dropped their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays lowered their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. Finally, TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Down 0.1 %

NASDAQ:PEP opened at $175.66 on Wednesday. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The business’s 50-day moving average is $173.63 and its two-hundred day moving average is $172.08. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. The firm has a market capitalization of $241.49 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company posted $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 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.