Bryn Mawr Capital Management LLC Decreases Position in PepsiCo, Inc. (NASDAQ:PEP)

Bryn Mawr Capital Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,970 shares of the company's stock after selling 11,822 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in PepsiCo were worth $7,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of PepsiCo by 2.5% during the fourth 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 during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after buying an additional 824 shares during the last quarter. IMG Wealth Management Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $73,000. Finally, Cibc World Markets Corp grew its holdings in shares of PepsiCo by 20.1% during the fourth quarter. Cibc World Markets Corp now owns 523,875 shares of the company's stock valued at $79,660,000 after buying an additional 87,501 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 7.5%

Shares of NASDAQ PEP traded up $10.09 during midday trading on Thursday, reaching $145.44. 26,154,400 shares of the stock were exchanged, compared to its average volume of 7,203,992. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a market capitalization of $199.41 billion, a P/E ratio of 21.39, a PEG ratio of 4.18 and a beta of 0.45. The company has a 50 day simple moving average of $131.69 and a 200 day simple moving average of $141.29. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $2.28 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.91%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PEP shares. Wells Fargo & Company reissued an "equal weight" rating on shares of PepsiCo in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. 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 investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $158.00.

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.