Physicians Financial Services Inc. reduced its stake in shares of PepsiCo Inc. (NYSE:PEP) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 12,588 shares of the company’s stock after selling 166 shares during the period. PepsiCo comprises 1.2% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 24th largest position. Physicians Financial Services Inc.’s holdings in PepsiCo were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Kelman Lazarov Inc. increased its stake in PepsiCo by 4.0% in the second quarter. Kelman Lazarov Inc. now owns 8,338 shares of the company’s stock valued at $881,000 after buying an additional 320 shares during the last quarter. Marathon Asset Management LLP increased its stake in PepsiCo by 1.8% in the second quarter. Marathon Asset Management LLP now owns 119,429 shares of the company’s stock valued at $12,652,000 after buying an additional 2,153 shares during the last quarter. Windward Capital Management Co. CA increased its stake in PepsiCo by 0.6% in the second quarter. Windward Capital Management Co. CA now owns 124,160 shares of the company’s stock valued at $13,153,000 after buying an additional 694 shares during the last quarter. Union Bankshares Corp increased its stake in PepsiCo by 4.4% in the second quarter. Union Bankshares Corp now owns 36,418 shares of the company’s stock valued at $3,859,000 after buying an additional 1,533 shares during the last quarter. Finally, Boys Arnold & Co. Inc. increased its stake in PepsiCo by 142.8% in the second quarter. Boys Arnold & Co. Inc. now owns 54,598 shares of the company’s stock valued at $5,784,000 after buying an additional 32,110 shares during the last quarter. 70.08% of the stock is owned by institutional investors and hedge funds.

Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.19% on Friday, hitting $105.28. The stock had a trading volume of 4,934,066 shares. PepsiCo Inc. has a 52 week low of $91.45 and a 52 week high of $110.94. The stock has a market capitalization of $151.51 billion, a P/E ratio of 29.75 and a beta of 0.48. The firm has a 50-day moving average price of $107.79 and a 200-day moving average price of $104.53.

PepsiCo (NYSE:PEP) last released its quarterly earnings data on Thursday, July 7th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The company had revenue of $15.40 billion for the quarter. During the same period last year, the business earned $1.32 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts expect that PepsiCo Inc. will post $4.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 31st. PepsiCo’s dividend payout ratio is 84.79%.

Several brokerages have weighed in on PEP. Credit Suisse Group AG began coverage on PepsiCo in a research note on Thursday. They set an “outperform” rating and a $121.00 price objective on the stock. Vetr upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective on the stock in a research note on Wednesday, September 7th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Credit Agricole SA restated an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. PepsiCo has a consensus rating of “Buy” and an average target price of $110.96.

In other PepsiCo news, SVP Marie T. Gallagher sold 13,586 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $109.01, for a total value of $1,481,009.86. Following the transaction, the senior vice president now owns 58,183 shares of the company’s stock, valued at $6,342,528.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laxman Narasimhan sold 3,219 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total value of $351,225.09. Following the completion of the transaction, the chief executive officer now directly owns 97,057 shares in the company, valued at approximately $10,589,889.27. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

PepsiCo Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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