Atria Wealth Solutions Inc. Sells 20,104 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in PepsiCo by 21.7%, selling 20,104 shares and leaving it with 72,695 shares valued at $10.9 million.
• Several institutional investors have recently increased their holdings in PepsiCo, including GAMMA Investing LLC, which raised its stake significantly by 19,106.5% during the first quarter.
• PepsiCo declared a quarterly dividend of $1.4225 per share, which has a dividend yield of 4.1% and will be paid out on September 30th to investors of record on September 5th.

Atria Wealth Solutions Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,695 shares of the company's stock after selling 20,104 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in PepsiCo were worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC grew its position in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the period. Ossiam grew its position in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. Graybill Wealth Management LTD. acquired a new position in shares of PepsiCo in the 1st quarter valued at approximately $3,633,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP traded up $3.12 during trading hours on Thursday, reaching $143.92. The company's stock had a trading volume of 7,669,729 shares, compared to its average volume of 9,599,806. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company's 50-day moving average is $135.19 and its 200-day moving average is $140.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $197.04 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.75 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share 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 business earned $2.28 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $158.73.

About PepsiCo

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.