Capital Planning Advisors LLC Sells 2,075 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Capital Planning Advisors LLC reduced its stake in PepsiCo by 20.0%, selling 2,075 shares to hold a total of 8,317 shares valued at approximately $1,247,000.
• PepsiCo's recent quarterly earnings report showed a better-than-expected EPS of $2.12, surpassing the consensus estimate by $0.09, with revenues of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a dividend yield of 3.9%, with a payout ratio of 103.64%.

Capital Planning Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,317 shares of the company's stock after selling 2,075 shares during the quarter. Capital Planning Advisors LLC's holdings in PepsiCo were worth $1,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $38,000. Bridge Generations Wealth Management LLC bought a new position in PepsiCo in the 4th quarter valued at approximately $38,000. Finally, Sunbeam Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at approximately $47,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 0.9%

Shares of PepsiCo stock opened at $145.21 on Monday. The company has a market capitalization of $198.80 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.87 and a beta of 0.45. 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 company has a fifty day moving average of $135.71 and a 200 day moving average of $140.60. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73.

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

PepsiCo Dividend Announcement

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 dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

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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