Lombard Odier Asset Management Europe Ltd Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Lombard Odier Asset Management Europe Ltd trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,911 shares of the company’s stock after selling 2,099 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in PepsiCo were worth $8,067,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PEP. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC grew its position in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo in the second quarter worth $30,000. Fortis Group Advisors LLC grew its holdings in shares of PepsiCo by 100.0% during 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. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $35,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 2.0 %

NASDAQ PEP opened at $171.18 on Monday. The business’s fifty day simple moving average is $173.51 and its 200-day simple moving average is $171.87. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The firm has a market cap of $235.34 billion, a PE ratio of 24.84, a P/E/G ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41.

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

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. BNP Paribas assumed coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday. Finally, TD Cowen dropped their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Nine 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 presently has an average rating of “Hold” and a consensus price target of $185.53.

PepsiCo 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.