Aua Capital Management LLC Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Aua Capital Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,276 shares of the company’s stock after selling 566 shares during the quarter. Aua Capital Management LLC’s holdings in PepsiCo were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Moneta Group Investment Advisors LLC raised its holdings in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after buying an additional 42,831,405 shares in the last quarter. Norges Bank purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $2,519,707,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of PepsiCo by 98.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,180,327 shares of the company’s stock worth $2,220,475,000 after acquiring an additional 6,045,912 shares during the last quarter. Providence Capital Advisors LLC boosted its stake in shares of PepsiCo by 18,231.4% in the 1st quarter. Providence Capital Advisors LLC now owns 4,943,247 shares of the company’s stock valued at $27,116,000 after purchasing an additional 4,916,281 shares in the last quarter. Finally, Morgan Stanley raised its position in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares during the period. Hedge funds and other institutional investors own 71.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on PEP shares. Royal Bank of Canada upped their price target on shares of PepsiCo from $178.00 to $180.00 in a research report on Friday, July 14th. Argus raised their price target on PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. Evercore ISI boosted their price objective on PepsiCo from $190.00 to $195.00 in a research report on Friday, July 14th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Finally, Wedbush upped their price target on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $192.00.

PepsiCo Price Performance

PEP stock opened at $179.38 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. PepsiCo, Inc. has a 1 year low of $160.98 and a 1 year high of $196.88. The firm has a 50-day moving average of $182.67 and a 200 day moving average of $184.61. The company has a market cap of $246.93 billion, a P/E ratio of 31.42, a PEG ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 13th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.13. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $1.265 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $5.06 annualized dividend and a dividend yield of 2.82%. PepsiCo’s payout ratio is 88.62%.

PepsiCo Company Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.