PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,007 shares of the company’s stock after selling 3,803 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PepsiCo were worth $31,503,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PEP. LFA Lugano Financial Advisors SA grew its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the period. Valued Wealth Advisors LLC grew its holdings in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares during the period. Fortis Group Advisors LLC grew its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter valued at about $35,000. Finally, Life Planning Partners Inc acquired a new position in shares of PepsiCo in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Barclays reduced their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Finally, Bank of America lowered their price target on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.87.

PepsiCo Stock Down 1.4 %

NASDAQ:PEP traded down $2.27 during trading hours on Monday, hitting $162.12. 5,266,767 shares of the company’s stock traded hands, compared to its average volume of 5,469,698. The firm has a market cap of $222.88 billion, a P/E ratio of 24.38, a P/E/G ratio of 2.70 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock’s fifty day moving average price is $171.87 and its two-hundred day moving average price is $170.11.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Insider Activity

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

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.