PepsiCo, Inc. (NASDAQ:PEP) Stake Reduced by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,719 shares of the company’s stock after selling 1,009 shares during the quarter. PepsiCo accounts for approximately 1.4% of Panoramic Investment Advisors LLC’s holdings, making the stock its 19th largest position. Panoramic Investment Advisors LLC’s holdings in PepsiCo were worth $1,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Fortis Group Advisors LLC boosted its position in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc acquired a new position in shares of PepsiCo in the 4th quarter valued at $34,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $35,000. Finally, Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $36,000. Institutional investors own 73.07% of the company’s stock.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

PepsiCo Stock Performance

PEP traded up $0.36 during trading on Tuesday, hitting $163.25. The stock had a trading volume of 883,147 shares, compared to its average volume of 5,473,404. The company has a 50 day moving average price of $173.37 and a 200-day moving average price of $170.30. The firm has a market cap of $224.43 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 81.50%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. Barclays cut their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $186.38.

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.