Aurora Investment Managers LLC. Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Aurora Investment Managers LLC. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,005 shares of the company’s stock after selling 100 shares during the quarter. Aurora Investment Managers LLC.’s holdings in PepsiCo were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its stake in shares of PepsiCo by 3.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after purchasing an additional 139 shares during the last quarter. Norden Group LLC lifted its stake in shares of PepsiCo by 3,345.6% in the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after purchasing an additional 174,171 shares during the last quarter. Meyer Handelman Co. lifted its stake in shares of PepsiCo by 3.9% in the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock valued at $44,412,000 after purchasing an additional 9,465 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $28,366,000. Finally, M&G Plc lifted its stake in shares of PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after acquiring an additional 14,724 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ:PEP traded down $0.60 on Friday, reaching $174.07. The company had a trading volume of 824,360 shares, compared to its average volume of 5,471,549. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The firm’s 50 day simple moving average is $173.73 and its 200-day simple moving average is $172.12. The firm has a market capitalization of $239.31 billion, a PE ratio of 25.35, a PEG ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.11%. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Royal Bank of Canada decreased their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company decreased their price target 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. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Company 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.