PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Montis Financial LLC

Montis Financial LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,026 shares of the company’s stock after selling 1,426 shares during the quarter. Montis Financial LLC’s holdings in PepsiCo were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in PepsiCo during the fourth quarter worth $2,686,139,000. Franklin Resources Inc. raised its stake in PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after acquiring an additional 1,345,065 shares during the period. Stifel Financial Corp lifted its holdings in PepsiCo by 15.7% in the fourth quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock worth $869,869,000 after acquiring an additional 693,873 shares during the last quarter. Sanders Capital LLC boosted its stake in PepsiCo by 2.9% in the fourth quarter. Sanders Capital LLC now owns 4,755,895 shares of the company’s stock valued at $807,741,000 after acquiring an additional 135,300 shares during the period. Finally, Flossbach Von Storch AG grew its holdings in shares of PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after purchasing an additional 1,832,385 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Wells Fargo & Company cut 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 report on Wednesday, July 10th. Barclays upped their target price 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. Finally, TD Cowen reduced 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Stock Down 1.1 %

Shares of PEP stock opened at $175.78 on Thursday. 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 market cap of $241.45 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The business’s fifty day moving average is $171.82 and its 200-day moving average is $171.33. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $22.59 billion. During the same period in the previous year, the business earned $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is 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.