PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by ORG Partners LLC

ORG Partners LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 74.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,494 shares of the company’s stock after selling 7,348 shares during the period. ORG Partners LLC’s holdings in PepsiCo were worth $425,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PEP. Valued Wealth Advisors LLC increased 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 valued at $28,000 after acquiring an additional 69 shares during the period. Global Wealth Strategies & Associates raised its stake in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. POM Investment Strategies LLC lifted its holdings in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in PepsiCo during the second quarter worth about $30,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo in the first quarter worth about $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.7 %

Shares of NASDAQ PEP opened at $176.10 on Tuesday. The business has a 50 day simple moving average of $173.56 and a 200 day simple moving average of $172.08. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The stock has a market cap of $242.10 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.11 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the business posted $2.25 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. Jefferies Financial Group cut 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. BNP Paribas began coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.92.

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.