PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Gibson Wealth Advisors LLC

Gibson Wealth Advisors LLC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,702 shares of the company’s stock after selling 381 shares during the period. PepsiCo makes up 1.2% of Gibson Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Gibson Wealth Advisors LLC’s holdings in PepsiCo were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. POM Investment Strategies LLC raised its position in 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 purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new stake in PepsiCo during the 2nd quarter worth $30,000. Fortis Group Advisors LLC increased its stake in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at about $35,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $171.38 on Wednesday. The firm has a 50 day moving average of $173.92 and a 200-day moving average of $172.17. The company has a market cap of $235.61 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.93 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.16%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PEP shares. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. 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, September 20th. Barclays lifted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. 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, Royal Bank of Canada dropped their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $185.40.

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.