Insigneo Advisory Services LLC Has $2.07 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Insigneo Advisory Services LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,887 shares of the company’s stock after selling 1,702 shares during the quarter. Insigneo Advisory Services LLC’s holdings in PepsiCo were worth $2,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valued Wealth Advisors LLC boosted its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the period. POM Investment Strategies LLC boosted its position in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new position in shares of PepsiCo in the second quarter valued at about $30,000. Fortis Group Advisors LLC lifted its stake in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $35,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. TD Cowen dropped their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Barclays lifted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $169.92 on Wednesday. The company has a 50 day moving average of $173.78 and a 200-day moving average of $171.98. The company has a market cap of $233.40 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share 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 last year, the business posted $2.09 EPS. The company’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

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.