Goldstein Advisors LLC Sells 164 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Goldstein Advisors LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,627 shares of the company’s stock after selling 164 shares during the quarter. Goldstein Advisors LLC’s holdings in PepsiCo were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at $38,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $128.02 on Thursday. PepsiCo, Inc. has a 52 week low of $127.63 and a 52 week high of $180.91. The business has a 50-day simple moving average of $132.36 and a 200 day simple moving average of $143.44. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a market cap of $175.53 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.76 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the topic of several research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a research note on Tuesday. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $159.75.

PepsiCo Company 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.