Andesa Financial Management Inc. Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Andesa Financial Management Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 5.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,282 shares of the company’s stock after selling 190 shares during the period. Andesa Financial Management Inc.’s holdings in PepsiCo were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC raised its stake in shares of PepsiCo by 2.3% during the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after purchasing an additional 58 shares during the period. Retirement Planning Co of New England Inc. increased its stake in shares of PepsiCo by 0.9% in the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock worth $1,105,000 after buying an additional 59 shares during the last quarter. Cullen Capital Management LLC increased its stake in shares of PepsiCo by 0.7% in the first quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock worth $1,467,000 after buying an additional 60 shares during the last quarter. Titleist Asset Management LTD. increased its stake in shares of PepsiCo by 2.9% in the first quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock worth $365,000 after buying an additional 62 shares during the last quarter. Finally, First Community Trust NA increased its stake in shares of PepsiCo by 1.5% in the first quarter. First Community Trust NA now owns 4,346 shares of the company’s stock worth $727,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. UBS Group lowered their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group boosted their target price on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Citigroup boosted their target price on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

PepsiCo Stock Down 1.5 %

Shares of NASDAQ PEP traded down $2.66 during mid-day trading on Friday, reaching $173.21. The company had a trading volume of 121,688 shares, compared to its average volume of 4,064,957. The stock has a fifty day moving average of $167.60 and a two-hundred day moving average of $169.49. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The company has a market capitalization of $239.01 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.47 and a beta of 0.55. PepsiCo, Inc. has a 12-month low of $149.48 and a 12-month high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The firm had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 6.65 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.66%. PepsiCo’s dividend payout ratio (DPR) is currently 69.28%.

Insider Buying and Selling

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Ramkumar Krishnan sold 3,433 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The disclosure for this sale can be found here. Insiders sold a total of 14,896 shares of company stock valued at $2,602,868 over the last ninety days. 0.12% of the stock is owned by company insiders.

PepsiCo Company Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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