PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Aveo Capital Partners LLC

Key Points

• Aveo Capital Partners LLC reduced its stake in PepsiCo by 45.1%, selling 2,647 shares and leaving it with 3,223 shares valued at $483,000.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding the consensus estimate of $2.03, along with a year-over-year revenue increase of 1.0%.
• The company announced a quarterly dividend of $1.4225, resulting in an annualized payout of $5.69 and a yield of 3.9%, despite a payout ratio of 103.64%.

Aveo Capital Partners LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,223 shares of the company's stock after selling 2,647 shares during the quarter. Aveo Capital Partners LLC's holdings in PepsiCo were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $31,000. GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $38,000. Bridge Generations Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at $38,000. Finally, Sunbeam Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock opened at $145.21 on Friday. The stock has a 50-day moving average price of $135.71 and a two-hundred day moving average price of $140.65. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a market capitalization of $198.80 billion, a PE ratio of 26.45, a P/E/G ratio of 3.87 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 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the company posted $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Morgan Stanley upped 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. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. 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, the company currently 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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