Weaver Consulting Group Sells 283 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Weaver Consulting Group cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.1% during the 1st quarter, Holdings Channel reports. The fund owned 2,509 shares of the company’s stock after selling 283 shares during the period. Weaver Consulting Group’s holdings in PepsiCo were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PEP. O Brien Wealth Partners LLC lifted its stake in shares of PepsiCo by 56.4% in the first quarter. O Brien Wealth Partners LLC now owns 652 shares of the company’s stock valued at $98,000 after buying an additional 235 shares in the last quarter. American Capital Advisory LLC increased its holdings in PepsiCo by 2.4% during the 1st quarter. American Capital Advisory LLC now owns 4,688 shares of the company’s stock worth $703,000 after purchasing an additional 112 shares in the last quarter. Penobscot Wealth Management purchased a new stake in shares of PepsiCo in the first quarter worth approximately $255,000. First Bank & Trust lifted its holdings in shares of PepsiCo by 62.5% in the first quarter. First Bank & Trust now owns 4,736 shares of the company’s stock valued at $710,000 after purchasing an additional 1,821 shares in the last quarter. Finally, FSM Wealth Advisors LLC boosted its position in shares of PepsiCo by 8.0% during the first quarter. FSM Wealth Advisors LLC now owns 7,713 shares of the company’s stock valued at $1,156,000 after buying an additional 570 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PEP shares. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $159.75.

PepsiCo Stock Up 0.9%

Shares of NASDAQ PEP opened at $136.48 on Thursday. The business’s fifty day moving average price is $131.36 and its 200-day moving average price is $142.54. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The stock has a market capitalization of $187.12 billion, a PE ratio of 20.07, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.17%. PepsiCo’s payout ratio is presently 83.68%.

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.