Mount Yale Investment Advisors LLC Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mount Yale Investment Advisors LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,129 shares of the company’s stock after selling 1,744 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in PepsiCo were worth $2,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. boosted its stake in PepsiCo by 23.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after buying an additional 1,133 shares during the period. Aveo Capital Partners LLC boosted its stake in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares during the period. 9258 Wealth Management LLC boosted its stake in PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after buying an additional 2,974 shares during the period. Gryphon Financial Partners LLC lifted its position in shares of PepsiCo by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after purchasing an additional 3,635 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in shares of PepsiCo by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after purchasing an additional 332 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock opened at $171.18 on Friday. The firm has a market cap of $235.13 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 3.06 and a beta of 0.53. The firm has a 50-day simple moving average of $173.51 and a two-hundred day simple moving average of $171.81. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. 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 (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.17%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada lowered their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Barclays upped their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $185.53.

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.