Mather Group LLC. Sells 5,589 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mather Group LLC. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 33.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,928 shares of the company’s stock after selling 5,589 shares during the quarter. Mather Group LLC.’s holdings in PepsiCo were worth $1,858,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its position in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. POM Investment Strategies LLC increased its position in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC purchased a new position in PepsiCo in the 2nd quarter worth $30,000. Finally, Fortis Group Advisors LLC lifted its position in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.9 %

Shares of PEP stock opened at $170.42 on Wednesday. The stock has a 50 day simple moving average of $173.68 and a 200-day simple moving average of $172.07. PepsiCo, Inc. has a 1-year low of $157.43 and a 1-year high of $183.41. The company has a market cap of $234.29 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.13 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.18%. PepsiCo’s payout ratio is currently 78.66%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Jefferies Financial Group decreased their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Barclays decreased their price objective on shares of PepsiCo from $187.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. boosted their price objective on PepsiCo from $182.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $185.29.

PepsiCo Company 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.