CM Wealth Advisors LLC Sells 2,250 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CM Wealth Advisors LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 39.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,479 shares of the company's stock after selling 2,250 shares during the quarter. CM Wealth Advisors LLC's holdings in PepsiCo were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its position in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ossiam raised its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. grew its stake in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in PepsiCo in the 4th quarter valued at $47,899,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 2.4%

PEP stock traded up $3.22 during midday trading on Tuesday, reaching $135.26. The company's stock had a trading volume of 12,819,257 shares, compared to its average volume of 7,011,226. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The firm has a market capitalization of $185.45 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.77 and a beta of 0.45. The stock has a fifty day simple moving average of $131.64 and a two-hundred day simple moving average of $142.63. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research 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. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $159.75.

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.