PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,461 shares of the company’s stock after selling 1,499 shares during the period. Journey Advisory Group LLC’s holdings in PepsiCo were worth $4,694,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Valued Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. POM Investment Strategies LLC increased its position in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $30,000. Fortis Group Advisors LLC boosted its stake in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo in the first quarter worth $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ:PEP traded up $0.36 during mid-day trading on Thursday, hitting $178.88. 887,634 shares of the company traded hands, compared to its average volume of 5,440,040. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The firm has a market cap of $245.70 billion, a P/E ratio of 25.91, a PEG ratio of 2.98 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The firm’s 50 day simple moving average is $170.45 and its 200 day simple moving average is $171.00.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating 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 firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the prior year, the firm posted $2.09 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current 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 issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PEP shares. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada lowered their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group decreased their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.53.

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.