AAFMAA Wealth Management & Trust LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,120 shares of the company's stock after selling 3,468 shares during the period. AAFMAA Wealth Management & Trust LLC's holdings in PepsiCo were worth $1,367,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.
PepsiCo Stock Performance
Shares of PEP opened at $130.03 on Friday. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock's fifty day moving average price is $136.15 and its two-hundred day moving average price is $146.25. The firm has a market cap of $178.28 billion, a PE ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) 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 firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. PepsiCo's payout ratio is presently 83.68%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Barclays reduced their price objective 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. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $160.69.
Read Our Latest Stock Analysis on PEP
PepsiCo Company Profile
(
Free Report)
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.
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