PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 42.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,096 shares of the company's stock after selling 4,483 shares during the quarter. Alpha DNA Investment Management LLC's holdings in PepsiCo were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC increased its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 69 shares in the last quarter. POM Investment Strategies LLC raised its holdings in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the second quarter valued at $30,000. Fortis Group Advisors LLC increased its position in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEP. Jefferies Financial Group lowered their price target on shares of PepsiCo from $210.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, July 9th. Morgan Stanley downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $184.00 to $182.00 and set a "neutral" rating on the stock in a report on Friday, July 12th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada decreased their price target on PepsiCo from $180.00 to $177.00 and set a "sector perform" rating on the stock in a research note on Friday, July 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $185.53.

PepsiCo Trading Down 0.3 %

PEP traded down $0.52 during trading on Wednesday, hitting $169.40. 4,504,621 shares of the company's stock were exchanged, compared to its average volume of 5,480,958. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The firm has a market cap of $232.68 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 2.97 and a beta of 0.53. The stock has a 50 day moving average price of $173.78 and a 200 day moving average price of $171.98. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo's payout ratio is 78.66%.

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.