Birch Hill Investment Advisors LLC Sells 1,210 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Birch Hill Investment Advisors LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 105,371 shares of the company’s stock after selling 1,210 shares during the period. PepsiCo makes up 1.1% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Birch Hill Investment Advisors LLC’s holdings in PepsiCo were worth $17,561,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mutual Advisors LLC lifted its stake in PepsiCo by 12.5% in the fourth quarter. Mutual Advisors LLC now owns 9,203 shares of the company’s stock worth $1,599,000 after purchasing an additional 1,022 shares during the last quarter. GSA Capital Partners LLP bought a new stake in PepsiCo in the fourth quarter worth $311,000. HBK Investments L P bought a new stake in PepsiCo in the fourth quarter worth $1,958,000. Unigestion Holding SA bought a new stake in PepsiCo in the fourth quarter worth $2,202,000. Finally, Banco de Sabadell S.A lifted its stake in PepsiCo by 16.6% in the fourth quarter. Banco de Sabadell S.A now owns 11,179 shares of the company’s stock worth $1,946,000 after purchasing an additional 1,588 shares during the last quarter. 71.38% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.1 %

Shares of NASDAQ PEP opened at $168.60 on Friday. The firm’s 50 day moving average price is $173.32 and its 200-day moving average price is $170.45. The company has a market cap of $232.65 billion, a PE ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $181.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 6.66 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. PepsiCo’s dividend payout ratio is presently 69.28%.

Insider Transactions at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares in the company, valued at $8,842,376.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 1,753 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PEP shares. Barclays decreased their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Credit Suisse Group boosted their price target on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. UBS Group reduced their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

About PepsiCo

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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