PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Cumberland Partners Ltd

Key Points

• Cumberland Partners Ltd has reduced its holdings in PepsiCo, Inc. by 18.5% in the first quarter, owning 14,710 shares valued at approximately $2.2 million after selling 3,345 shares.
• PepsiCo reported a quarterly earnings per share of $2.12, which exceeded analysts' expectations of $2.03, with a revenue of $22.73 billion versus an estimate of $22.28 billion.
• The company declared a quarterly dividend of $1.4225, representing an annualized dividend of $5.69 with a yield of 4.1%, despite a dividend payout ratio of 103.64%.

Cumberland Partners Ltd lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,710 shares of the company's stock after selling 3,345 shares during the quarter. Cumberland Partners Ltd's holdings in PepsiCo were worth $2,206,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the 4th quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new stake in PepsiCo in the 4th quarter valued at about $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC bought a new position in PepsiCo in the 4th quarter worth about $47,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 1.0%

PEP stock opened at $139.28 on Friday. The firm has a market cap of $190.69 billion, a PE ratio of 25.37, a P/E/G ratio of 3.67 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 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. The firm has a 50 day simple moving average of $134.63 and a 200 day simple moving average of $140.89.

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

PepsiCo Announces Dividend

The business 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 $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Citigroup boosted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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