Seelaus Asset Management LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Seelaus Asset Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 33.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,846 shares of the company’s stock after selling 2,904 shares during the period. Seelaus Asset Management LLC’s holdings in PepsiCo were worth $979,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. West Oak Capital LLC raised its holdings in PepsiCo by 0.4% in the 4th quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock worth $2,500,000 after acquiring an additional 60 shares during the last quarter. Lenox Wealth Advisors LLC raised its holdings in PepsiCo by 4.1% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC raised its holdings in PepsiCo by 1.4% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after acquiring an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PepsiCo by 3.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock worth $305,000 after acquiring an additional 60 shares during the last quarter. Finally, Donald L. Hagan LLC raised its holdings in PepsiCo by 1.2% in the 4th quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock worth $889,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

A number of equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of PepsiCo in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Credit Suisse Group lifted their target price on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Guggenheim boosted their price objective on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Citigroup boosted their price objective on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

Shares of PEP stock opened at $162.03 on Thursday. The stock has a market cap of $224.04 billion, a P/E ratio of 22.17, a PEG ratio of 3.19 and a beta of 0.59. PepsiCo, Inc. has a 52 week low of $144.61 and a 52 week high of $177.62. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The company’s fifty day simple moving average is $166.98 and its two-hundred day simple moving average is $168.10.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. During the same quarter last year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be given a $1.15 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 2nd. PepsiCo’s dividend payout ratio is 62.93%.

In other news, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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