PepsiCo, Inc. $PEP Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 74.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,912 shares of the company’s stock after selling 37,824 shares during the quarter. Mirabella Financial Services LLP’s holdings in PepsiCo were worth $1,712,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after acquiring an additional 1,761,785 shares during the last quarter. Geode Capital Management LLC raised its position in PepsiCo by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares during the last quarter. Norges Bank acquired a new position in PepsiCo in the second quarter valued at $2,330,594,000. Finally, Franklin Resources Inc. raised its holdings in shares of PepsiCo by 19.5% in the second quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after buying an additional 2,541,455 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $146.91 on Friday. The company has a market cap of $200.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 5.07 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a 50 day moving average of $146.57 and a 200-day moving average of $141.51. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $161.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s payout ratio is currently 108.17%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Citigroup cut their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. HSBC boosted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Finally, BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $156.90.

About PepsiCo

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.