Abner Herrman & Brock LLC Has $1.66 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Abner Herrman & Brock LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,081 shares of the company's stock after selling 3,683 shares during the quarter. Abner Herrman & Brock LLC's holdings in PepsiCo were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter valued at $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.7%

Shares of NASDAQ:PEP traded up $0.94 during midday trading on Tuesday, hitting $131.85. 7,330,525 shares of the stock were exchanged, compared to its average volume of 6,555,712. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The business's fifty day simple moving average is $137.62 and its two-hundred day simple moving average is $146.83. The company has a market capitalization of $180.78 billion, a PE ratio of 18.97, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. 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 earned $1.61 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.32%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. One 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo 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.