Atwood & Palmer Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,346 shares of the company’s stock after selling 1,059 shares during the quarter. Atwood & Palmer Inc.’s holdings in PepsiCo were worth $1,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wagner Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $109,000. Well Done LLC bought a new position in shares of PepsiCo in the 1st quarter worth about $125,000. Certified Advisory Corp bought a new position in shares of PepsiCo in the 4th quarter worth about $134,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of PepsiCo in the 4th quarter worth about $140,000. Finally, Avestar Capital LLC bought a new position in shares of PepsiCo in the 4th quarter worth about $154,000. 70.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PepsiCo stock opened at $111.17 on Wednesday. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.51. The stock has a market capitalization of $158.62 billion, a P/E ratio of 21.26, a PEG ratio of 2.64 and a beta of 0.71. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.24 and a quick ratio of 1.09.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, July 10th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $16.09 billion during the quarter, compared to analyst estimates of $16.05 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. analysts expect that PepsiCo, Inc. will post 5.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be issued a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, September 6th. PepsiCo’s dividend payout ratio is currently 70.94%.

Several research firms have recently weighed in on PEP. Jefferies Financial Group reissued a “hold” rating and issued a $107.00 price objective on shares of PepsiCo in a research report on Monday, August 6th. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 price objective on shares of PepsiCo in a research report on Monday, August 20th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. SunTrust Banks boosted their target price on PepsiCo to $110.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $119.67.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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