Atlas Private Wealth Advisors Sells 3,105 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atlas Private Wealth Advisors lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.8% in the first quarter, Holdings Channel.com reports. The firm owned 7,661 shares of the company’s stock after selling 3,105 shares during the period. Atlas Private Wealth Advisors’ holdings in PepsiCo were worth $1,149,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $33,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Bank of America reduced their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Stock Down 1.1%

NASDAQ PEP opened at $130.85 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company has a 50 day moving average of $134.63 and a 200-day moving average of $145.08. The company has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its quarterly 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 net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed 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 represents a $5.69 dividend on an annualized basis and a yield of 4.35%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

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.