One Day In July LLC Sells 199 Shares of PepsiCo, Inc. (NASDAQ:PEP)

One Day In July LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,305 shares of the company’s stock after selling 199 shares during the period. One Day In July LLC’s holdings in PepsiCo were worth $222,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA increased its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter worth $34,000. Naples Money Management LLC purchased a new position in PepsiCo in the fourth quarter worth $36,000. Criterion Capital Advisors LLC purchased a new position in PepsiCo in the fourth quarter worth $39,000. Finally, Avion Wealth grew its holdings in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Barclays lifted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Performance

NASDAQ PEP traded down $0.03 on Wednesday, reaching $175.88. 1,308,644 shares of the company’s stock traded hands, compared to its average volume of 5,752,315. The firm has a market cap of $241.80 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.87 and a beta of 0.53. The stock has a 50 day moving average price of $169.74 and a 200-day moving average price of $168.16. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 76.09%.

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.