Capital Asset Advisory Services LLC Has $3.63 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Capital Asset Advisory Services LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,326 shares of the company's stock after selling 1,935 shares during the quarter. Capital Asset Advisory Services LLC's holdings in PepsiCo were worth $3,628,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PEP. Norges Bank purchased a new stake in PepsiCo during the 4th quarter worth about $2,729,565,000. GAMMA Investing LLC increased its position in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in PepsiCo in the 4th quarter worth about $589,307,000. Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 3,856,193 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of PepsiCo in the 4th quarter valued at about $221,297,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PEP shares. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.11 during trading on Wednesday, hitting $131.74. The stock had a trading volume of 6,514,304 shares, compared to its average volume of 6,561,606. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market cap of $180.63 billion, a P/E ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47. The business has a fifty day moving average of $137.27 and a two-hundred day moving average of $146.72. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. PepsiCo's payout ratio is 83.68%.

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.