Claro Advisors LLC Sells 13,473 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Claro Advisors LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 60.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,744 shares of the company’s stock after selling 13,473 shares during the period. Claro Advisors LLC’s holdings in PepsiCo were worth $1,487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its position in PepsiCo by 14.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 18,688 shares of the company’s stock valued at $3,178,000 after buying an additional 2,384 shares during the last quarter. Professional Advisory Services Inc. raised its holdings in shares of PepsiCo by 0.3% in the third quarter. Professional Advisory Services Inc. now owns 149,976 shares of the company’s stock valued at $25,503,000 after purchasing an additional 521 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in shares of PepsiCo by 14.0% during the third quarter. Sax Wealth Advisors LLC now owns 5,354 shares of the company’s stock valued at $910,000 after purchasing an additional 659 shares in the last quarter. Kozak & Associates Inc. boosted its holdings in PepsiCo by 51.0% during the third quarter. Kozak & Associates Inc. now owns 539 shares of the company’s stock worth $94,000 after purchasing an additional 182 shares during the last quarter. Finally, Howard Capital Management Group LLC grew its position in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $175.06 on Friday. The firm has a market capitalization of $240.18 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.28 and a beta of 0.53. The firm has a 50 day simple moving average of $173.78 and a 200 day simple moving average of $172.13. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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 company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company posted $2.25 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PEP. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.