Ieq Capital LLC Has $18.30 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ieq Capital LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,730 shares of the company's stock after selling 6,027 shares during the quarter. Ieq Capital LLC's holdings in PepsiCo were worth $18,297,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Amplius Wealth Advisors LLC grew its holdings in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company's stock valued at $381,000 after buying an additional 60 shares during the last quarter. Darwin Wealth Management LLC lifted its position in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company's stock valued at $397,000 after acquiring an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company's stock valued at $411,000 after purchasing an additional 61 shares during the last quarter. SYM FINANCIAL Corp raised its stake in shares of PepsiCo by 2.7% in the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company's stock worth $389,000 after purchasing an additional 61 shares during the last quarter. Finally, Clearwater Capital Advisors LLC lifted its holdings in shares of PepsiCo by 2.3% during the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company's stock valued at $468,000 after purchasing an additional 61 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company's stock, valued at $9,603,634. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

PepsiCo Price Performance

Shares of PEP traded up $1.11 during trading hours on Monday, reaching $180.90. 4,406,563 shares of the stock traded hands, compared to its average volume of 5,601,671. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company has a market cap of $248.70 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.52. The company's 50-day moving average price is $171.26 and its two-hundred day moving average price is $169.06.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $1.355 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.00%. PepsiCo's dividend payout ratio is currently 76.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Argus cut PepsiCo from a "buy" rating to a "hold" rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a "hold" rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $187.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.