Delaney Dennis R Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Delaney Dennis R reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the company's stock after selling 2,575 shares during the period. Delaney Dennis R's holdings in PepsiCo were worth $912,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PEP. Wakefield Asset Management LLLP acquired a new position in PepsiCo during the first quarter worth $941,000. M1 Capital Management LLC acquired a new position in PepsiCo during the first quarter worth $998,000. J. W. Coons Advisors LLC lifted its stake in PepsiCo by 0.4% during the first quarter. J. W. Coons Advisors LLC now owns 24,086 shares of the company's stock worth $3,611,000 after purchasing an additional 100 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in PepsiCo during the first quarter worth $82,000. Finally, Boyd Watterson Asset Management LLC OH lifted its stake in PepsiCo by 47.9% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 16,645 shares of the company's stock worth $2,496,000 after purchasing an additional 5,387 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP traded down $1.06 during mid-day trading on Friday, reaching $143.45. The stock had a trading volume of 6,596,497 shares, compared to its average volume of 10,334,833. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.85 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The business has a 50 day simple moving average of $133.58 and a 200 day simple moving average of $141.03.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.97%. PepsiCo's payout ratio is 103.64%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Wells Fargo & Company upped their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Dbs Bank lowered 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 issued a hold rating and four have issued 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 $158.73.

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.