Adamsbrown Wealth Consultants LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Adamsbrown Wealth Consultants LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 38.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,369 shares of the company's stock after selling 2,780 shares during the quarter. Adamsbrown Wealth Consultants LLC's holdings in PepsiCo were worth $655,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PEP. Norges Bank purchased a new position in PepsiCo during the 4th quarter valued at $2,729,565,000. GAMMA Investing LLC increased its position in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. purchased a new position in PepsiCo during the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PepsiCo during the 4th quarter valued at $221,297,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP traded down $0.07 during midday trading on Monday, hitting $129.96. 8,447,242 shares of the company traded hands, compared to its average volume of 6,614,256. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $178.19 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company's 50-day moving average is $136.15 and its 200 day moving average is $146.06. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.61 EPS. On average, research analysts expect 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. Investors 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 4.38%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is 83.68%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Finally, Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Company 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.