PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,348 shares of the company’s stock after selling 922 shares during the quarter. Forte Capital LLC ADV’s holdings in PepsiCo were worth $1,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PEP. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter worth $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $135.35 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market cap of $185.58 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 4.18 and a beta of 0.45. The business’s 50-day simple moving average is $131.69 and its 200-day simple moving average is $141.29. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of PepsiCo in a research note on Thursday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.00.

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.