Mogy Joel R Investment Counsel Inc. Has $4.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mogy Joel R Investment Counsel Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 56.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,651 shares of the company’s stock after selling 39,708 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in PepsiCo were worth $4,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo during the 4th quarter valued at about $33,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Citigroup reduced their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Price Performance

NASDAQ:PEP opened at $129.90 on Thursday. The stock’s 50-day simple moving average is $135.04 and its 200 day simple moving average is $145.63. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $178.10 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

About PepsiCo

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.