PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,730 shares of the company’s stock after selling 199 shares during the quarter. TFC Financial Management Inc.’s holdings in PepsiCo were worth $303,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC grew its stake in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares in the last quarter. Cerity Partners LLC grew its position in PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $405,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after acquiring an additional 3,159 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1 %

Shares of PEP stock traded up $1.79 during trading hours on Friday, reaching $164.39. 3,951,590 shares of the stock traded hands, compared to its average volume of 5,470,685. The business has a fifty day moving average price of $172.37 and a 200 day moving average price of $170.13. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $226.00 billion, a PE ratio of 24.58, a PEG ratio of 2.67 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 81.50%.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on PEP. Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. TD Cowen cut their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $186.64.

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.