Motco Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Motco has reduced its stake in PepsiCo by 6.2%, now holding 30,733 shares valued at approximately $4.6 million as of its latest SEC filing.
• Several institutional investors have increased their positions in PepsiCo, with HB Wealth Management raising its stake by 36.9% and Mediolanum International Funds increasing by 37.1% in the first quarter.
• PepsiCo recently reported quarterly earnings surpassing estimates, with EPS of $2.12 on revenue of $22.73 billion, and also announced a quarterly dividend of $1.4225 to be paid on September 30th.

Motco lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,733 shares of the company's stock after selling 2,020 shares during the quarter. Motco's holdings in PepsiCo were worth $4,608,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. 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 stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Trading Down 0.7%

NASDAQ:PEP opened at $143.45 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The firm has a fifty day simple moving average of $133.58 and a 200-day simple moving average of $141.03. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $196.39 billion, a P/E ratio of 26.13, a PEG ratio of 3.85 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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 during 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.97%. PepsiCo's payout ratio is currently 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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