ASB Consultores LLC Has $273,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

ASB Consultores LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 35.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,657 shares of the company’s stock after selling 927 shares during the quarter. ASB Consultores LLC’s holdings in PepsiCo were worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Flossbach Von Storch AG lifted its stake in shares of PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares during the last quarter. PineStone Asset Management Inc. lifted its position in PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after acquiring an additional 1,523,631 shares during the last quarter. Van ECK Associates Corp boosted its holdings in PepsiCo by 429.3% during the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock valued at $254,603,000 after acquiring an additional 1,179,922 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $166,243,000. Finally, Swedbank AB acquired a new position in shares of PepsiCo during the 1st quarter worth about $148,336,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PEP shares. JPMorgan Chase & Co. dropped their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group reduced their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Stock Down 2.0 %

Shares of NASDAQ:PEP opened at $171.18 on Friday. The company’s fifty day moving average is $173.51 and its 200-day moving average is $171.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a market capitalization of $235.13 billion, a PE ratio of 24.84, a P/E/G ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is presently 78.66%.

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.