PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 16.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,987 shares of the company’s stock after selling 770 shares during the period. Optimum Investment Advisors’ holdings in PepsiCo were worth $678,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. Global Wealth Strategies & Associates lifted its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Valued Wealth Advisors LLC raised its holdings in shares of PepsiCo by 77.5% in 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 period. POM Investment Strategies LLC raised its holdings in shares of PepsiCo by 141.3% in 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 period. Summit Securities Group LLC purchased a new position in shares of PepsiCo in the 2nd quarter worth about $30,000. Finally, Mattson Financial Services LLC purchased a new position in shares of PepsiCo in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEP. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Up 0.1 %

Shares of PEP opened at $174.67 on Friday. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $240.13 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 3.11 and a beta of 0.53. The stock’s 50-day moving average price is $173.73 and its 200 day moving average price is $172.12.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results 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. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company posted $2.25 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio is currently 78.66%.

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.