Auxano Advisors LLC Has $560,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Auxano Advisors LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,733 shares of the company's stock after selling 2,533 shares during the quarter. Auxano Advisors LLC's holdings in PepsiCo were worth $560,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in PepsiCo during the fourth quarter valued at approximately $2,729,565,000. GAMMA Investing LLC grew its position in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. grew its position in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PepsiCo in the fourth quarter worth approximately $221,297,000. Finally, Vanguard Group Inc. grew its position in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEP. Barclays decreased their target price on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating for the company in a research report on Tuesday. Bank of America decreased their target price on shares of 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 target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $158.75.

PepsiCo Stock Performance

NASDAQ:PEP traded down $1.17 during trading hours on Friday, hitting $144.27. 4,077,098 shares of the company traded hands, compared to its average volume of 7,190,846. The stock has a market capitalization of $197.80 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm has a 50-day moving average of $131.97 and a 200 day moving average of $141.24. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

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 the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is 83.68%.

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.

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