1834 Investment Advisors Co. Has $894,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

1834 Investment Advisors Co. reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,961 shares of the company’s stock after selling 325 shares during the quarter. 1834 Investment Advisors Co.’s holdings in PepsiCo were worth $894,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PEP. Asset Management One Co. Ltd. raised its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC increased its stake in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the period. Ossiam increased its stake in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after buying an additional 42,793 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo during the first quarter worth $3,633,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after acquiring an additional 13,461 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.73.

PepsiCo Trading Up 1.0%

NASDAQ:PEP opened at $140.80 on Thursday. The business’s 50-day simple moving average is $134.99 and its 200-day simple moving average is $140.76. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market capitalization of $192.77 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 3.72 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.28 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

PepsiCo Company 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.