LVW Advisors LLC Sells 2,582 Shares of PepsiCo, Inc. (NASDAQ:PEP)

LVW Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,617 shares of the company’s stock after selling 2,582 shares during the period. PepsiCo comprises 0.6% of LVW Advisors LLC’s holdings, making the stock its 28th biggest holding. LVW Advisors LLC’s holdings in PepsiCo were worth $3,608,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA grew its stake in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Fortis Group Advisors LLC grew its stake in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in PepsiCo in the 1st quarter worth about $35,000. Life Planning Partners Inc bought a new position in PepsiCo in the 4th quarter worth about $34,000. Finally, Naples Money Management LLC bought a new position in PepsiCo in the 4th quarter worth about $36,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.8 %

PEP stock opened at $164.93 on Monday. The firm has a market cap of $226.74 billion, a PE ratio of 24.80, a P/E/G ratio of 2.71 and a beta of 0.52. 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 firm’s fifty day moving average is $173.37 and its 200 day moving average is $170.30. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PEP shares. BNP Paribas started coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $186.38.

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.