Brighton Jones LLC Has $8.59 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,318 shares of the company's stock after selling 2,074 shares during the period. Brighton Jones LLC's holdings in PepsiCo were worth $8,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. Norges Bank bought a new stake in PepsiCo in the 4th quarter valued at about $2,729,565,000. Finally, Northern Trust Corp boosted its stake in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3%

Shares of PEP stock traded down $0.38 on Monday, reaching $130.47. 2,913,510 shares of the company's stock traded hands, compared to its average volume of 6,663,540. The company has a market capitalization of $178.89 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business's 50 day moving average price is $134.63 and its two-hundred day moving average price is $144.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.36%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PEP shares. Morgan Stanley reduced their price objective 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 lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. 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 investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Profile

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.