Atlas Wealth LLC Sells 357 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atlas Wealth LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.4% during the third quarter, Holdings Channel.com reports. The firm owned 3,895 shares of the company’s stock after selling 357 shares during the period. Atlas Wealth LLC’s holdings in PepsiCo were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter valued at $28,000. POM Investment Strategies LLC increased its stake in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in PepsiCo during the 2nd quarter worth about $30,000. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo in the 2nd quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP opened at $163.45 on Monday. The stock has a market capitalization of $224.25 billion, a PE ratio of 24.11, a P/E/G ratio of 3.05 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a fifty day simple moving average of $167.79 and a 200 day simple moving average of $170.30. PepsiCo, Inc. has a 1-year low of $155.85 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

A number of research firms have commented on PEP. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.92.

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.