Blair William & Co. IL Sells 28,262 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Blair William & Co. IL reduced its holdings in PepsiCo, Inc. by 5.1%, selling 28,262 shares and now holding 530,285 shares valued at approximately $79.5 million.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, which will be paid on September 30, with a dividend yield of 4.1%.
• The company's latest quarterly earnings report showed an EPS of $2.12, exceeding expectations and reflecting a 1.0% revenue growth year-over-year.

Blair William & Co. IL reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 530,285 shares of the company's stock after selling 28,262 shares during the quarter. Blair William & Co. IL's holdings in PepsiCo were worth $79,511,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in PepsiCo by 2.5% during the fourth 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 last quarter. Atlas Capital Advisors Inc. raised its holdings in PepsiCo by 9.5% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,149 shares of the company's stock worth $175,000 after buying an additional 100 shares during the last quarter. Prudential PLC grew its stake in shares of PepsiCo by 333.6% in the 4th quarter. Prudential PLC now owns 14,408 shares of the company's stock worth $2,191,000 after acquiring an additional 11,085 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of PepsiCo in the 4th quarter worth $75,235,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. One research 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's stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Up 1.0%

Shares of PEP opened at $139.28 on Friday. The firm's 50 day simple moving average is $134.63 and its 200 day simple moving average is $140.87. The company has a market capitalization of $190.69 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.71 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

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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