VCI Wealth Management LLC Sells 6,035 Shares of PepsiCo, Inc. (NASDAQ:PEP)

VCI Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 49.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,162 shares of the company's stock after selling 6,035 shares during the period. VCI Wealth Management LLC's holdings in PepsiCo were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter worth about $28,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth about $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $31,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PEP stock traded up $3.05 during midday trading on Tuesday, reaching $144.75. The company had a trading volume of 3,128,835 shares, compared to its average volume of 8,556,016. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a market capitalization of $198.18 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. 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 stock has a 50 day moving average price of $132.23 and a 200-day moving average price of $141.04.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company earned $2.28 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Company 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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