Adell Harriman & Carpenter Inc. Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Adell Harriman & Carpenter Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 47,925 shares of the company's stock after selling 13,801 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in PepsiCo were worth $7,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the period. Assetmark Inc. increased its stake in shares of PepsiCo by 37.6% in the 4th quarter. Assetmark Inc. now owns 56,108 shares of the company's stock worth $8,532,000 after acquiring an additional 15,328 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after acquiring an additional 824 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew its holdings in PepsiCo by 41.9% in the fourth quarter. E Fund Management Co. Ltd. now owns 31,200 shares of the company's stock worth $4,744,000 after purchasing an additional 9,217 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP traded down $0.91 during mid-day trading on Friday, reaching $135.58. 4,941,378 shares of the company traded hands, compared to its average volume of 7,059,939. The stock has a market capitalization of $185.88 billion, a P/E ratio of 16.86, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company's fifty day moving average price is $131.40 and its 200-day moving average price is $142.26. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo's quarterly 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, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

A number of analysts have recently commented on PEP shares. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $159.75.

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.