EFG Asset Management Americas Corp. Sells 4,131 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• EFG Asset Management Americas Corp. reduced its stake in PepsiCo by 11.6%, holding 31,362 shares valued at approximately $4.70 million after selling 4,131 shares.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 and a dividend yield of 3.98%.
• PepsiCo's most recent quarterly earnings beat analysts' estimates, reporting $2.12 earnings per share (EPS) and $22.73 billion in revenue for the quarter.

EFG Asset Management Americas Corp. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,362 shares of the company's stock after selling 4,131 shares during the period. EFG Asset Management Americas Corp.'s holdings in PepsiCo were worth $4,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its stake in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the last quarter. Ossiam raised its position in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in shares of PepsiCo in the 1st quarter valued at about $3,633,000. Finally, OMERS ADMINISTRATION Corp increased its stake in 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. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.6%

NASDAQ:PEP traded up $0.83 during midday trading on Friday, hitting $138.75. The stock had a trading volume of 1,740,690 shares, compared to its average volume of 8,551,521. The stock has a 50-day moving average of $134.43 and a 200 day moving average of $140.93. The company has a market capitalization of $189.97 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.81 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for 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 business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Company 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.