PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in PepsiCo by 40.7% in the 1st quarter, leaving them with 5,622 shares valued at approximately $843,000.
• PepsiCo reported $2.12 EPS for the last quarter, exceeding analysts' expectations of $2.03, with a revenue of $22.73 billion, also surpassing expectations.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.1%, despite a payout ratio of 103.64%.

GSA Capital Partners LLP decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,622 shares of the company's stock after selling 3,856 shares during the quarter. GSA Capital Partners LLP's holdings in PepsiCo were worth $843,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter valued at $31,000. GKV Capital Management Co. Inc. bought a new stake in PepsiCo during the 4th quarter valued at $38,000. Bridge Generations Wealth Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP opened at $139.28 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $190.69 billion, a PE ratio of 25.37, a P/E/G ratio of 3.67 and a beta of 0.45. The stock 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued 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 dividend yield of 4.1%. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup lifted their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. 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. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target 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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