Burney Co. Has $4.03 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Burney Co. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,036 shares of the company’s stock after selling 258 shares during the quarter. Burney Co.’s holdings in PepsiCo were worth $4,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Valued Wealth Advisors LLC raised its position in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Fortis Group Advisors LLC raised its position in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo during the first quarter worth $35,000. Naples Money Management LLC bought a new stake in PepsiCo during the fourth quarter worth $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in PepsiCo during the fourth quarter worth $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock 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 objective on the stock. in a research report on Friday, July 19th. TD Cowen dropped their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Barclays increased their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada decreased 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 note on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $185.53.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly 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 hyperlink. 0.15% of the stock is currently owned by insiders.

PepsiCo Trading Up 1.8 %

PepsiCo stock traded up $3.08 during mid-day trading on Friday, hitting $178.04. 6,856,083 shares of the stock were exchanged, compared to its average volume of 5,787,874. The stock has a market capitalization of $244.55 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.02 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $189.22. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The firm’s fifty day simple moving average is $168.15 and its two-hundred day simple moving average is $170.11.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, September 6th. PepsiCo’s 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.