Atlas Private Wealth Advisors Sells 3,105 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atlas Private Wealth Advisors decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,661 shares of the company's stock after selling 3,105 shares during the period. Atlas Private Wealth Advisors' holdings in PepsiCo were worth $1,149,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the fourth quarter valued at $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $1.45 during trading hours on Friday, hitting $130.85. 9,578,363 shares of the company's stock were exchanged, compared to its average volume of 6,677,016. 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 has a market capitalization of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. The company's 50-day moving average price is $134.63 and its 200-day moving average price is $145.08.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 firm had revenue of $17.92 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $1.61 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. 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 annualized dividend and a yield of 4.35%. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. 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 reaffirmed a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Bank of America reduced their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

About PepsiCo

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.