Van Strum & Towne Inc. cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,340 shares of the company’s stock after selling 190 shares during the quarter. PepsiCo accounts for 3.8% of Van Strum & Towne Inc.’s portfolio, making the stock its 9th largest position. Van Strum & Towne Inc.’s holdings in PepsiCo were worth $5,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Rezny Wealth Management Inc. bought a new position in PepsiCo during the 1st quarter valued at $12,868,000. Beutel Goodman & Co Ltd. bought a new position in PepsiCo during the 4th quarter valued at $27,000. Capital Wealth Alliance LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $48,000. New England Investment & Retirement Group Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $41,000. Finally, Lion Street Advisors LLC acquired a new stake in shares of PepsiCo during the first quarter worth $43,000. Institutional investors and hedge funds own 70.60% of the company’s stock.

A number of analysts recently weighed in on PEP shares. BidaskClub raised shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Friday, June 12th. SunTrust Banks increased their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday. Goldman Sachs Group started coverage on shares of PepsiCo in a report on Wednesday, April 1st. They issued a “conviction-buy” rating on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 target price on shares of PepsiCo in a research report on Tuesday, April 14th. Finally, Morgan Stanley reiterated a “buy” rating on shares of PepsiCo in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.00.

Shares of NASDAQ:PEP traded up $0.61 during trading hours on Tuesday, hitting $135.52. 6,762,803 shares of the company’s stock traded hands, compared to its average volume of 6,048,574. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.94 and a current ratio of 1.10. The company’s fifty day simple moving average is $131.68 and its two-hundred day simple moving average is $133.79. The company has a market cap of $186.56 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 5.11 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Monday, July 13th. The company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.07. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.47 billion. During the same quarter last year, the firm posted $1.54 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 5.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $1.0225 dividend. This represents a $4.09 annualized dividend and a dividend yield of 3.02%. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. The ex-dividend date was Thursday, June 4th. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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