Investor s Fiduciary Advisor Network LLC Sells 3,722 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Investor s Fiduciary Advisor Network LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,558 shares of the company's stock after selling 3,722 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in PepsiCo were worth $233,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of 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 period. Bank Pictet & Cie Europe AG raised its holdings in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the period. 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 buying an additional 824 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of PepsiCo by 1.9% in the fourth quarter. Larson Financial Group LLC now owns 14,732 shares of the company's stock valued at $2,240,000 after buying an additional 269 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of PepsiCo by 5.2% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 12,157 shares of the company's stock worth $1,849,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.93 on Monday, hitting $134.45. The company's stock had a trading volume of 7,771,754 shares, compared to its average volume of 7,062,787. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The firm has a market capitalization of $184.34 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The stock has a fifty day moving average of $131.40 and a two-hundred day moving average of $142.11. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

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 net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business earned $1.61 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.23%. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Citigroup cut their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $159.75.

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.