Sivia Capital Partners LLC Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sivia Capital Partners LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467 shares of the company’s stock after selling 448 shares during the quarter. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $572,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PEP. Norges Bank acquired a new stake in PepsiCo in the 4th quarter worth about $2,686,139,000. Franklin Resources Inc. lifted its position in shares of PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after acquiring an additional 1,345,065 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PepsiCo by 15.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after acquiring an additional 1,105,127 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PepsiCo by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,644,059 shares of the company’s stock valued at $1,128,413,000 after purchasing an additional 375,963 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in PepsiCo by 15.7% in the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after purchasing an additional 693,873 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BNP Paribas started coverage on shares of PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Barclays upped their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada lowered their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Trading Down 1.1 %

Shares of PEP stock opened at $177.34 on Friday. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The firm has a market cap of $243.59 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.53. The company has a 50-day moving average of $170.96 and a two-hundred day moving average of $171.13. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the company posted $2.09 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

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.