Auxano Advisors LLC Sells 126 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Auxano Advisors LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,698 shares of the company’s stock after selling 126 shares during the quarter. Auxano Advisors LLC’s holdings in PepsiCo were worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PEP. Valued Wealth Advisors LLC increased its position in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. POM Investment Strategies LLC grew its holdings in 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 acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $30,000. Fortis Group Advisors LLC increased its holdings in PepsiCo by 100.0% during the 4th 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. bought a new position in PepsiCo during the 1st quarter valued at approximately $35,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Barclays boosted 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. Morgan Stanley dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Stock Performance

Shares of PEP traded up $0.79 during mid-day trading on Friday, hitting $172.88. 8,677,312 shares of the company traded hands, compared to its average volume of 4,770,495. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a 50-day moving average price of $169.92 and a two-hundred day moving average price of $170.81. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The stock has a market cap of $237.46 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.99 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.14%. PepsiCo’s dividend payout ratio is currently 78.66%.

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.