Aspiriant LLC Sells 189 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Aspiriant LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,604 shares of the company’s stock after selling 189 shares during the quarter. Aspiriant LLC’s holdings in PepsiCo were worth $3,431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA boosted its holdings in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Fortis Group Advisors LLC boosted its holdings in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc purchased a new position in PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC purchased a new position in PepsiCo during the 4th quarter valued at $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in PepsiCo during the 4th quarter valued at $39,000. Institutional investors own 73.07% of the company’s stock.

Insiders Place Their Bets

In other PepsiCo 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 transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PEP has been the subject of several research reports. BNP Paribas initiated coverage on PepsiCo in a report on Monday. They issued a “neutral” rating and a $174.00 target price for the company. Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. JPMorgan Chase & Co. upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Seven research 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.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $186.38.

PepsiCo Stock Down 0.4 %

PepsiCo stock opened at $166.74 on Thursday. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market cap of $229.23 billion, a PE ratio of 25.07, a PEG ratio of 2.75 and a beta of 0.52. The business’s 50-day simple moving average is $173.73 and its two-hundred day simple moving average is $170.37.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.25%. PepsiCo’s dividend payout ratio is presently 81.50%.

About PepsiCo

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.