PepsiCo, Inc. $PEP Shares Sold by Shelton Capital Management

Shelton Capital Management cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,017 shares of the company’s stock after selling 3,491 shares during the period. Shelton Capital Management’s holdings in PepsiCo were worth $21,657,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter worth about $25,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares in the last quarter. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. lifted its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PEP. Bank of America upped their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Evercore ISI upped their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.90.

PepsiCo Price Performance

NASDAQ PEP opened at $148.91 on Monday. The stock has a 50-day simple moving average of $146.01 and a 200 day simple moving average of $141.18. The stock has a market capitalization of $203.61 billion, a PE ratio of 28.31, a P/E/G ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $163.65. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

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.