AAFMAA Wealth Management & Trust LLC Sells 3,468 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AAFMAA Wealth Management & Trust LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 27.6% in the first quarter, Holdings Channel.com reports. The fund owned 9,120 shares of the company’s stock after selling 3,468 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in PepsiCo were worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tcfg Wealth Management LLC raised its holdings in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after acquiring an additional 66 shares in the last quarter. TAGStone Capital Inc. raised its stake in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its position in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Leavell Investment Management Inc. grew its stake in PepsiCo by 0.3% in the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock worth $4,271,000 after buying an additional 71 shares in the last quarter. Finally, Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8%

Shares of PEP opened at $130.03 on Friday. The stock has a market capitalization of $178.28 billion, a P/E ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a fifty day simple moving average of $136.15 and a two-hundred day simple moving average of $146.25.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PEP shares. Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $160.69.

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.