Aurora Private Wealth Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,452 shares of the company’s stock after selling 141 shares during the quarter. Aurora Private Wealth Inc.’s holdings in PepsiCo were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. OLD Mission Capital LLC bought a new position in shares of PepsiCo during the third quarter valued at approximately $256,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $9,522,000. IHT Wealth Management LLC boosted its holdings in shares of PepsiCo by 1.2% in the third quarter. IHT Wealth Management LLC now owns 15,203 shares of the company’s stock valued at $2,107,000 after purchasing an additional 176 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of PepsiCo by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 50,982 shares of the company’s stock valued at $7,066,000 after purchasing an additional 1,542 shares during the period. Finally, Catalyst Private Wealth LLC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $34,000. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PEP stock opened at $145.71 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The firm has a fifty day moving average price of $138.23 and a 200 day moving average price of $140.12. The company has a market cap of $201.32 billion, a P/E ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a 12 month low of $126.53 and a 12 month high of $148.77.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were paid a $1.0225 dividend. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 annualized dividend and a yield of 2.81%. PepsiCo’s dividend payout ratio is presently 73.96%.

PEP has been the subject of a number of research reports. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Friday, February 12th. Morgan Stanley upped their target price on PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 16th. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research report on Monday, March 29th. Wolfe Research began coverage on PepsiCo in a research report on Monday. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $148.25.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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