Howe & Rusling Inc. Sells 1,089 Shares of PepsiCo, Inc. $PEP

Howe & Rusling Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 89,757 shares of the company’s stock after selling 1,089 shares during the period. PepsiCo comprises 0.9% of Howe & Rusling Inc.’s portfolio, making the stock its 29th biggest position. Howe & Rusling Inc.’s holdings in PepsiCo were worth $11,851,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JSF Financial LLC boosted its holdings in PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares during the last quarter. Weaver Consulting Group boosted its stake in shares of PepsiCo by 2.9% during the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock worth $341,000 after buying an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after buying an additional 74 shares during the last quarter. Finally, Bull Street Advisors LLC increased its position in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after acquiring an additional 74 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.1%

Shares of PEP opened at $147.11 on Thursday. The firm has a market cap of $201.15 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $165.13. The firm’s 50-day simple moving average is $145.28 and its 200 day simple moving average is $140.32.

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

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

PEP has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $156.95.

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.