Nwam LLC Sells 4,891 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nwam LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,788 shares of the company's stock after selling 4,891 shares during the period. Nwam LLC's holdings in PepsiCo were worth $568,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in PepsiCo during the fourth quarter valued at $2,729,565,000. GAMMA Investing LLC boosted its stake in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after buying an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PepsiCo during the fourth quarter valued at $221,297,000. Finally, Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $157.93.

PepsiCo Stock Performance

Shares of PEP opened at $143.24 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business's 50 day moving average price is $132.23 and its 200-day moving average price is $141.11. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The stock has a market cap of $196.39 billion, a P/E ratio of 26.09, a P/E/G ratio of 4.38 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the firm posted $2.28 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 3.97%. 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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