Autus Asset Management LLC Has $1.83 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Autus Asset Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 31.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,941 shares of the company’s stock after selling 5,023 shares during the period. Autus Asset Management LLC’s holdings in PepsiCo were worth $1,831,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. West Oak Capital LLC grew its holdings in PepsiCo by 0.4% during the 4th quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock worth $2,500,000 after acquiring an additional 60 shares during the period. Lenox Wealth Advisors LLC lifted its stake in PepsiCo by 4.1% in the fourth quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock valued at $266,000 after buying an additional 60 shares during the period. Colton Groome Financial Advisors LLC increased its stake in shares of PepsiCo by 1.4% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock valued at $757,000 after acquiring an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PepsiCo by 3.5% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $305,000 after purchasing an additional 60 shares during the period. Finally, Donald L. Hagan LLC increased its stake in PepsiCo by 1.2% in the fourth quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock valued at $889,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Several brokerages recently commented on PEP. Guggenheim raised their price objective on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Credit Suisse Group lifted their price objective on PepsiCo from $163.00 to $168.00 in a report on Wednesday, April 27th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. Finally, Citigroup raised their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $177.13.

PepsiCo stock opened at $162.03 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a 50-day simple moving average of $166.98 and a 200 day simple moving average of $168.10. The stock has a market capitalization of $224.04 billion, a P/E ratio of 22.17, a PEG ratio of 3.19 and a beta of 0.59. PepsiCo, Inc. has a 52 week low of $144.61 and a 52 week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The business had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.54 billion. During the same quarter in the prior year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a $1.15 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, June 2nd. PepsiCo’s dividend payout ratio is currently 62.93%.

In other PepsiCo news, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares in the company, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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