Insight Folios Inc Sells 66 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Insight Folios Inc decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,770 shares of the company’s stock after selling 66 shares during the quarter. Insight Folios Inc’s holdings in PepsiCo were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its holdings in PepsiCo by 3.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after purchasing an additional 139 shares during the period. Cerity Partners LLC grew its position in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $405,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ:PEP traded down $0.98 during midday trading on Thursday, reaching $162.60. The company’s stock had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a 50 day moving average price of $172.65 and a two-hundred day moving average price of $170.19. The firm has a market capitalization of $223.54 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.69 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $1.355 dividend. The ex-dividend date was Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is presently 81.50%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays cut their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Jefferies Financial Group lifted their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.64.

PepsiCo Company 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.