GTS Securities LLC Sells 32,504 Shares of PepsiCo, Inc. (NASDAQ:PEP)

GTS Securities LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 59.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,449 shares of the company's stock after selling 32,504 shares during the quarter. GTS Securities LLC's holdings in PepsiCo were worth $3,414,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ossiam raised its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its stake in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after buying an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $47,899,000. Finally, WCM Investment Management LLC increased its stake in shares of PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after buying an additional 8,759 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.6%

NASDAQ:PEP traded down $0.78 on Friday, hitting $129.34. The stock had a trading volume of 8,116,528 shares, compared to its average volume of 6,473,654. The business's fifty day moving average is $139.53 and its 200 day moving average is $148.31. The company has a market cap of $177.34 billion, a PE ratio of 18.61, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The firm's revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS 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 issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, June 6th. 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 Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. 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's stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $160.69.

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.