Bogart Wealth LLC Has $518,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Bogart Wealth LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 94.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,457 shares of the company’s stock after selling 60,810 shares during the period. Bogart Wealth LLC’s holdings in PepsiCo were worth $518,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after buying an additional 11,538 shares during the last quarter. Proficio Capital Partners LLC boosted its position in PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company’s stock worth $677,000 after buying an additional 824 shares during the period. IMG Wealth Management Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $73,000. Finally, Cibc World Markets Corp increased its position in PepsiCo by 20.1% in the 4th quarter. Cibc World Markets Corp now owns 523,875 shares of the company’s stock valued at $79,660,000 after acquiring an additional 87,501 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Citigroup decreased their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $158.19.

PepsiCo Stock Performance

PEP opened at $135.57 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company’s fifty day moving average price is $131.56 and its two-hundred day moving average price is $141.38. The company has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.20%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

PepsiCo Company 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.