Brady Family Wealth LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,798 shares of the company's stock after selling 1,974 shares during the period. PepsiCo accounts for 1.8% of Brady Family Wealth LLC's holdings, making the stock its 18th biggest holding. Brady Family Wealth LLC's holdings in PepsiCo were worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in PepsiCo during the fourth quarter worth about $224,000. Brighton Jones LLC increased its position 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 buying an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in PepsiCo in the 4th quarter valued at about $9,268,000. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $162,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Barclays cut their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Citigroup lowered their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $160.69.
Check Out Our Latest Stock Report on PepsiCo
PepsiCo Price Performance
PEP stock opened at $129.07 on Friday. The firm has a 50-day moving average of $133.50 and a 200 day moving average of $144.28. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market cap of $176.97 billion, a P/E ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during 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%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.41%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.
PepsiCo Profile
(
Free Report)
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.
Further Reading
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