Quadrant Capital Group LLC Sells 8,489 Shares of PepsiCo, Inc. $PEP

Quadrant Capital Group LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,537 shares of the company’s stock after selling 8,489 shares during the quarter. Quadrant Capital Group LLC’s holdings in PepsiCo were worth $2,712,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $25,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth $29,000. Vermillion & White Wealth Management Group LLC grew its position in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Frazier Financial Advisors LLC increased its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. raised its holdings in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Bank of America boosted their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $156.90.

PepsiCo Stock Performance

NASDAQ PEP opened at $147.98 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $202.34 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $165.13. The company has a 50-day simple moving average of $145.87 and a 200 day simple moving average of $140.90.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

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.