Wellington Shields Capital Management LLC Has $1 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wellington Shields Capital Management LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,075 shares of the company’s stock after selling 545 shares during the period. Wellington Shields Capital Management LLC’s holdings in PepsiCo were worth $1,002,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its holdings in PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares in the last quarter. 9258 Wealth Management LLC raised its position in PepsiCo by 56.0% in the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock valued at $1,407,000 after buying an additional 2,974 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in PepsiCo by 81.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Ethos Financial Group LLC grew its stake in shares of PepsiCo by 15.8% in the 4th quarter. Ethos Financial Group LLC now owns 2,688 shares of the company’s stock worth $460,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley reduced their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, TD Cowen cut their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $0.14 on Friday, reaching $178.09. The stock had a trading volume of 721,686 shares, compared to its average volume of 5,437,575. The business’s 50 day moving average is $170.71 and its two-hundred day moving average is $171.06. The company has a market cap of $244.62 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.98 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (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 company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter last year, the business posted $2.09 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.04%. PepsiCo’s dividend payout ratio (DPR) 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.