Bank of New Hampshire Has $1.53 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Bank of New Hampshire trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 53.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,195 shares of the company's stock after selling 11,763 shares during the quarter. Bank of New Hampshire's holdings in PepsiCo were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tallon Kerry Patrick bought a new position in PepsiCo during the fourth quarter worth $224,000. Brighton Jones LLC increased its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Union Bancaire Privee UBP SA bought a new position in PepsiCo during the fourth quarter worth $9,268,000. Silver Oak Securities Incorporated increased its position in PepsiCo by 28.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 3,160 shares of the company's stock worth $479,000 after acquiring an additional 700 shares during the period. Finally, Consolidated Portfolio Review Corp bought a new position in PepsiCo during the fourth quarter worth $455,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8%

Shares of PepsiCo stock opened at $130.03 on Friday. The stock has a market capitalization of $178.28 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. 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 company has a 50-day simple moving average of $136.15 and a 200 day simple moving average of $146.16. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Finally, Citigroup lowered their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.

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