Advisor OS LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Advisor OS LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,422 shares of the company's stock after selling 5,193 shares during the period. Advisor OS LLC's holdings in PepsiCo were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Quantbot Technologies LP acquired a new position in PepsiCo during the 4th quarter valued at about $555,000. Congress Wealth Management LLC DE boosted its stake in PepsiCo by 4.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 25,126 shares of the company's stock valued at $3,821,000 after purchasing an additional 969 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in PepsiCo by 69.5% during the 4th quarter. Modern Wealth Management LLC now owns 12,219 shares of the company's stock valued at $1,764,000 after purchasing an additional 5,009 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.15 during trading on Thursday, hitting $144.51. The stock had a trading volume of 9,742,635 shares, compared to its average volume of 10,424,265. The firm has a market cap of $197.85 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 3.99 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The business's 50-day moving average is $133.35 and its 200 day moving average is $141.04. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.94%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

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.