PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Avanza Fonder AB

Avanza Fonder AB trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,095 shares of the company's stock after selling 14,734 shares during the quarter. PepsiCo makes up about 0.6% of Avanza Fonder AB's portfolio, making the stock its 23rd biggest position. Avanza Fonder AB's holdings in PepsiCo were worth $19,400,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Collier Financial bought a new position in PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.1%

NASDAQ PEP traded down $1.45 during trading on Friday, hitting $130.85. The company's stock had a trading volume of 9,578,363 shares, compared to its average volume of 6,668,925. 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 company has a market cap of $179.41 billion, a PE ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. The business's 50 day simple moving average is $134.82 and its 200-day simple moving average is $145.42. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm 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 represents a $5.69 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. JPMorgan Chase & Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Finally, Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.