Lindbrook Capital LLC Has $940,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Lindbrook Capital LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 69.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,272 shares of the company's stock after selling 14,029 shares during the quarter. Lindbrook Capital LLC's holdings in PepsiCo were worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in PEP. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the 4th quarter worth $28,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo during the 4th quarter worth $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $143.24 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50 day simple moving average of $132.23 and a two-hundred day simple moving average of $141.04. The stock has a market capitalization of $196.11 billion, a P/E ratio of 26.09, a PEG ratio of 4.38 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company posted $2.28 EPS. The business's revenue was up 1.0% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $157.93.

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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