PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,055 shares of the company's stock after selling 12,751 shares during the quarter. Brown Advisory Inc.'s holdings in PepsiCo were worth $52,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Ninety One UK Ltd boosted its stake in PepsiCo by 7.9% in the 1st quarter. Ninety One UK Ltd now owns 97,409 shares of the company's stock worth $14,606,000 after buying an additional 7,166 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of PepsiCo by 27.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 42,387 shares of the company's stock worth $6,356,000 after purchasing an additional 9,177 shares during the period. Alpha Cubed Investments LLC raised its holdings in shares of PepsiCo by 14.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 5,526 shares of the company's stock worth $828,000 after purchasing an additional 710 shares during the period. Planning Directions Inc. raised its holdings in shares of PepsiCo by 1,095.9% in the 1st quarter. Planning Directions Inc. now owns 24,409 shares of the company's stock worth $3,660,000 after purchasing an additional 22,368 shares during the period. Finally, Capital Management Associates Inc purchased a new position in shares of PepsiCo in the 1st quarter worth about $393,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock traded up $1.60 during mid-day trading on Thursday, hitting $136.08. 8,864,567 shares of the company's stock traded hands, compared to its average volume of 7,086,428. The firm has a 50 day moving average price of $131.41 and a 200 day moving average price of $141.88. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company has a market cap of $186.58 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.18%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Citigroup dropped their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One 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. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $158.50.

PepsiCo Company 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.