PepsiCo, Inc. (NASDAQ:PEP) Holdings Reduced by Auxier Asset Management

Auxier Asset Management reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,414 shares of the company’s stock after selling 167 shares during the quarter. PepsiCo accounts for 2.1% of Auxier Asset Management’s portfolio, making the stock its 11th largest position. Auxier Asset Management’s holdings in PepsiCo were worth $13,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Capital Advisors Ltd. LLC increased its position in shares of PepsiCo by 3.6% during 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 period. Norden Group LLC lifted its holdings in 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 acquiring an additional 174,171 shares during the last quarter. Marion Wealth Management boosted its position in shares of PepsiCo by 6.3% during the 1st quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock valued at $1,467,000 after purchasing an additional 494 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of PepsiCo by 1.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock worth $121,486,000 after purchasing an additional 11,485 shares during the last quarter. Finally, Meyer Handelman Co. lifted its stake in PepsiCo by 3.9% during the first 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. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 2.0 %

Shares of NASDAQ:PEP opened at $171.18 on Friday. The firm has a fifty day moving average of $173.51 and a two-hundred day moving average of $171.74. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The firm has a market capitalization of $235.13 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. Barclays boosted their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group cut their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $185.53.

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.