PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,408 shares of the company’s stock after selling 720 shares during the period. Hamel Associates Inc.’s holdings in PepsiCo were worth $1,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its position in shares of PepsiCo by 23.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after buying an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC increased its position in shares of PepsiCo by 4.4% in the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after purchasing an additional 229 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after purchasing an additional 2,974 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in PepsiCo by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after purchasing an additional 3,635 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in PepsiCo by 0.9% in the fourth quarter. Wealthspire Advisors LLC now owns 30,671 shares of the company’s stock valued at $5,209,000 after buying an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.14 during midday trading on Thursday, reaching $178.38. 2,501,255 shares of the company traded hands, compared to its average volume of 5,449,009. The stock has a 50-day moving average price of $170.45 and a 200 day moving average price of $171.00. The company has a market cap of $245.02 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.98 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period in the prior year, the business posted $2.09 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analyst Ratings Changes

PEP has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Morgan Stanley lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. BNP Paribas assumed coverage on shares of PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Finally, Royal Bank of Canada cut their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Seven investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.53.

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.