Jeppson Wealth Management LLC Sells 307 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Jeppson Wealth Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,113 shares of the company’s stock after selling 307 shares during the quarter. Jeppson Wealth Management LLC’s holdings in PepsiCo were worth $1,173,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Valued Wealth Advisors LLC raised its stake in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC raised its position in PepsiCo by 141.3% in 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 last quarter. Summit Securities Group LLC acquired a new position in PepsiCo during the 2nd quarter worth $30,000. Fortis Group Advisors LLC increased its stake in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of PepsiCo during the first quarter worth $35,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.5 %

NASDAQ PEP traded down $0.83 during trading hours on Friday, reaching $178.47. 160,695 shares of the company’s stock were exchanged, compared to its average volume of 5,437,575. 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 company has a market capitalization of $245.14 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.98 and a beta of 0.53. The company’s 50-day moving average is $170.71 and its two-hundred day moving average is $171.06. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. Jefferies Financial Group lowered their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. TD Cowen dropped their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada cut their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. Finally, Barclays raised their price target on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

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.