PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Liberty One Investment Management LLC

Liberty One Investment Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 68.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,071 shares of the company’s stock after selling 98,910 shares during the period. PepsiCo accounts for approximately 0.7% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 29th biggest holding. Liberty One Investment Management LLC’s holdings in PepsiCo were worth $6,758,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo in the fourth quarter valued at $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. Bank of America lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Morgan Stanley lowered their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $159.75.

PepsiCo Trading Down 0.7%

Shares of PepsiCo stock opened at $134.45 on Tuesday. The firm has a market capitalization of $184.34 billion, a PE ratio of 19.77, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm’s 50-day moving average price is $131.42 and its 200 day moving average price is $141.98. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.23%. PepsiCo’s dividend payout ratio is presently 83.68%.

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.