PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by O Brien Wealth Partners LLC

O Brien Wealth Partners LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 51.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 526 shares of the company’s stock after selling 548 shares during the period. O Brien Wealth Partners LLC’s holdings in PepsiCo were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. lifted its stake in shares of PepsiCo by 22.7% in the 3rd quarter. SRS Capital Advisors Inc. now owns 4,044 shares of the company’s stock valued at $685,000 after purchasing an additional 748 shares during the last quarter. Becker Capital Management Inc. lifted its stake in shares of PepsiCo by 0.6% in the 3rd quarter. Becker Capital Management Inc. now owns 11,337 shares of the company’s stock valued at $1,921,000 after purchasing an additional 73 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of PepsiCo by 78.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 56,081 shares of the company’s stock valued at $9,502,000 after purchasing an additional 24,726 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of PepsiCo by 2.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,876,920 shares of the company’s stock valued at $995,728,000 after purchasing an additional 121,742 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of PepsiCo by 8.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,258,829 shares of the company’s stock valued at $213,296,000 after purchasing an additional 100,650 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. BNP Paribas assumed coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.38.

PepsiCo Trading Down 1.2 %

NASDAQ:PEP opened at $162.89 on Tuesday. The stock has a 50-day simple moving average of $173.37 and a 200-day simple moving average of $170.30. The stock has a market cap of $223.94 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year 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.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $1.50 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio is currently 81.50%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction dated 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 approximately $9,603,634. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

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.