PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by AMI Investment Management Inc.

AMI Investment Management Inc. decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,361 shares of the company’s stock after selling 126 shares during the quarter. AMI Investment Management Inc.’s holdings in PepsiCo were worth $2,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PEP. Cerity Partners LLC increased its stake in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after acquiring an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new stake in PepsiCo during the fourth quarter worth $405,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after buying an additional 3,159 shares in the last quarter. Finally, Marion Wealth Management boosted its holdings in PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after buying an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday, June 26th. Finally, Barclays decreased their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $186.38.

PepsiCo Stock Performance

NASDAQ:PEP opened at $164.93 on Monday. The company’s 50-day moving average price is $173.37 and its 200-day moving average price is $170.30. 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 $226.74 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.