PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Little House Capital LLC

Little House Capital LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,194 shares of the company’s stock after selling 1,155 shares during the period. Little House Capital LLC’s holdings in PepsiCo were worth $1,609,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% in the fourth 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 in the last quarter. Fortis Group Advisors LLC raised its holdings in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at about $35,000. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Finally, Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEP. Jefferies Financial Group upped their target price on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. 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. Barclays cut their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Finally, BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.38.

PepsiCo Stock Down 1.2 %

Shares of NASDAQ PEP opened at $162.89 on Tuesday. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The firm’s 50 day moving average price is $173.37 and its 200 day moving average price is $170.30. The firm has a market cap of $223.94 billion, a P/E ratio of 24.49, a price-to-earnings-growth 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.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm 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. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 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.