PepsiCo, Inc. (NASDAQ:PEP) Position Reduced by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in PepsiCo, Inc. by 54.3%, owning 5,535 shares valued at approximately $830,000 after selling 6,566 shares in the first quarter.
• Analysts have mixed views on the stock, with a majority rating it as a "hold"; however, price targets vary between $148 and $175, highlighting differing opinions on PepsiCo's potential.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, leading to a yield of 3.97%, although its dividend payout ratio currently exceeds 100% at 103.64%.

Integrated Investment Consultants LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 54.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,535 shares of the company's stock after selling 6,566 shares during the quarter. Integrated Investment Consultants LLC's holdings in PepsiCo were worth $830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC lifted its stake in shares of PepsiCo by 36.9% during the first quarter. HB Wealth Management LLC now owns 139,676 shares of the company's stock worth $20,943,000 after purchasing an additional 37,629 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in PepsiCo by 5.3% in the 1st quarter. Angeles Wealth Management LLC now owns 14,741 shares of the company's stock worth $2,210,000 after acquiring an additional 740 shares during the period. Mediolanum International Funds Ltd grew its position in PepsiCo by 37.1% in the first quarter. Mediolanum International Funds Ltd now owns 173,810 shares of the company's stock valued at $25,945,000 after acquiring an additional 46,994 shares in the last quarter. Nvwm LLC raised its stake in shares of PepsiCo by 5.2% during the first quarter. Nvwm LLC now owns 9,196 shares of the company's stock valued at $1,379,000 after purchasing an additional 451 shares during the period. Finally, First Heartland Consultants Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $542,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock traded down $1.06 during trading hours on Friday, reaching $143.45. The stock had a trading volume of 6,596,497 shares, compared to its average volume of 10,334,833. The firm has a market capitalization of $196.39 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.82 and a beta of 0.45. The firm has a 50-day simple moving average of $133.58 and a 200-day simple moving average of $140.99. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. 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 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 firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.97%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. 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. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price 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.