Global Financial Private Client LLC Sells 102 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Global Financial Private Client LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,509 shares of the company’s stock after selling 102 shares during the quarter. PepsiCo accounts for 0.8% of Global Financial Private Client LLC’s holdings, making the stock its 24th largest holding. Global Financial Private Client LLC’s holdings in PepsiCo were worth $1,898,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PEP. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in PepsiCo by 1,129.9% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock worth $39,585,000 after purchasing an additional 214,122 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in PepsiCo by 9.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,419 shares of the company’s stock valued at $241,000 after buying an additional 122 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in PepsiCo by 4.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 2,707 shares of the company’s stock worth $460,000 after buying an additional 124 shares during the period. Gilbert & Cook Inc. grew its holdings in PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after acquiring an additional 1,133 shares during the last quarter. Finally, McAdam LLC raised its stake in shares of PepsiCo by 5.4% during the fourth quarter. McAdam LLC now owns 1,638 shares of the company’s stock valued at $278,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PEP shares. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. TD Cowen lowered their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday. 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 report on Friday, July 12th. Finally, Barclays increased their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Stock Up 0.5 %

PepsiCo stock traded up $0.79 during mid-day trading on Friday, reaching $172.88. The stock had a trading volume of 8,677,295 shares, compared to its average volume of 5,453,207. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The stock’s 50-day simple moving average is $169.92 and its 200-day simple moving average is $170.80. The firm has a market capitalization of $237.67 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed 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. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, September 6th. 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.