Callan Family Office LLC Has $1.58 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Callan Family Office LLC reduced its holdings in PepsiCo, Inc. by 16.6%, selling 2,093 shares, bringing its total ownership to 10,529 shares valued at approximately $1.58 million.
• In the first quarter, several new institutional investors purchased stakes in PepsiCo, contributing to a total institutional ownership of 73.07%.
• PepsiCo announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.9% and a payout ratio of 103.64%.

Callan Family Office LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,529 shares of the company's stock after selling 2,093 shares during the quarter. Callan Family Office LLC's holdings in PepsiCo were worth $1,579,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC boosted its holdings in shares of PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the period. Pflug Koory LLC boosted its holdings in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the period. Hoge Financial Services LLC boosted its holdings in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after purchasing an additional 76 shares during the last quarter. Members Trust Co boosted its holdings in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after purchasing an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC boosted its holdings in PepsiCo by 2.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP traded down $0.73 during mid-day trading on Thursday, reaching $148.62. The company had a trading volume of 6,890,929 shares, compared to its average volume of 8,484,457. The company's 50 day simple moving average is $136.99 and its 200 day simple moving average is $140.63. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The company has a market capitalization of $203.47 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.91 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Citigroup raised their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research 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 company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $158.73.

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.