Heck Capital Advisors LLC Sells 4,628 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Heck Capital Advisors LLC reduced its stake in PepsiCo, Inc. by 57.6% during the first quarter, selling 4,628 shares and holding 3,408 shares valued at $511,000 after the sale.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 3.9%, to be paid on September 30th.
• PepsiCo's latest quarterly earnings showed $2.12 EPS and revenue of $22.73 billion, surpassing analyst expectations, with forecasts for a full-year EPS of 8.3.

Heck Capital Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 57.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the company's stock after selling 4,628 shares during the quarter. Heck Capital Advisors LLC's holdings in PepsiCo were worth $511,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PEP. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares in the last quarter. Ossiam lifted its holdings in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares in the last quarter. Graybill Wealth Management LTD. purchased a new stake in PepsiCo during the first quarter valued at $3,633,000. Finally, OMERS ADMINISTRATION Corp increased its position in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP opened at $146.87 on Wednesday. The firm has a market capitalization of $201.08 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.86 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The business has a 50 day simple moving average of $136.29 and a 200-day simple moving average of $140.61. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

A number of analysts have commented on PEP shares. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.

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