Coleford Investment Management Ltd. Has $14.08 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Coleford Investment Management Ltd. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,905 shares of the company's stock after selling 1,735 shares during the period. PepsiCo makes up about 4.0% of Coleford Investment Management Ltd.'s holdings, making the stock its 14th biggest position. Coleford Investment Management Ltd.'s holdings in PepsiCo were worth $14,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Vanguard Group Inc. raised its position in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC raised its position in 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 buying an additional 582,254 shares during the period. Norges Bank acquired a new position in PepsiCo during the fourth quarter valued at $2,729,565,000. Northern Trust Corp raised its position in PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the period. Finally, Bank of New York Mellon Corp raised its position in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.5%

Shares of PEP traded down $2.20 during trading hours on Friday, hitting $143.24. 13,738,009 shares of the company were exchanged, compared to its average volume of 7,231,960. The company has a market cap of $196.39 billion, a PE ratio of 26.09, a PEG ratio of 4.45 and a beta of 0.45. The firm's 50 day moving average is $132.23 and its 200-day moving average is $141.18. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm 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. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $159.50.

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.