Capital Investment Advisory Services LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 43.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,284 shares of the company’s stock after selling 3,344 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in PepsiCo were worth $466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. HC Financial Advisors Inc. bought a new stake in PepsiCo in the 4th quarter valued at $1,040,000. Lido Advisors LLC increased its holdings in PepsiCo by 13.5% in the 4th quarter. Lido Advisors LLC now owns 8,725 shares of the company’s stock valued at $1,046,000 after buying an additional 1,037 shares during the period. EP Wealth Advisors LLC increased its holdings in PepsiCo by 5.5% in the 4th quarter. EP Wealth Advisors LLC now owns 167,871 shares of the company’s stock valued at $20,131,000 after buying an additional 8,712 shares during the period. Vident Investment Advisory LLC increased its holdings in PepsiCo by 7.3% in the 4th quarter. Vident Investment Advisory LLC now owns 12,656 shares of the company’s stock valued at $1,517,000 after buying an additional 860 shares during the period. Finally, All Terrain Financial Advisors LLC bought a new stake in PepsiCo in the 4th quarter valued at $275,000. Hedge funds and other institutional investors own 70.39% of the company’s stock.

Several equities research analysts have issued reports on PEP shares. BidaskClub lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, August 31st. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 price target on shares of PepsiCo in a report on Monday, August 20th. SunTrust Banks boosted their price target on shares of PepsiCo to $110.00 and gave the company a “hold” rating in a report on Tuesday, July 24th. Guggenheim started coverage on shares of PepsiCo in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price target on the stock. Finally, Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $119.50.

PEP opened at $111.50 on Thursday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.09 and a current ratio of 1.24. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.51. The stock has a market capitalization of $158.79 billion, a PE ratio of 21.32, a PEG ratio of 2.64 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 10th. The company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.08. PepsiCo had a net margin of 7.14% and a return on equity of 67.06%. The business had revenue of $16.09 billion for the quarter, compared to analyst estimates of $16.05 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts expect that PepsiCo, Inc. will post 5.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be issued a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Thursday, September 6th. PepsiCo’s payout ratio is 70.94%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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