HS Management Partners LLC Cuts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

HS Management Partners LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357,907 shares of the company's stock after selling 64,144 shares during the period. PepsiCo accounts for about 4.3% of HS Management Partners LLC's investment portfolio, making the stock its 11th biggest position. HS Management Partners LLC's holdings in PepsiCo were worth $53,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in PepsiCo by 22.7% in the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after acquiring an additional 824 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in PepsiCo by 12.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 122,510 shares of the company's stock valued at $18,767,000 after acquiring an additional 13,857 shares during the last quarter. Finally, Loudon Investment Management LLC lifted its stake in PepsiCo by 6.5% in the fourth quarter. Loudon Investment Management LLC now owns 9,309 shares of the company's stock valued at $1,416,000 after acquiring an additional 565 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEP. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $159.50.

PepsiCo Price Performance

Shares of PEP traded down $2.20 during mid-day trading on Friday, reaching $143.24. The company had a trading volume of 13,738,009 shares, compared to its average volume of 7,239,591. The company's 50 day simple moving average is $132.23 and its 200 day simple moving average is $141.18. 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, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 4.38 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 103.64%.

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.