Kintegral Advisory LLC Sells 17,007 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kintegral Advisory LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,679 shares of the company's stock after selling 17,007 shares during the period. PepsiCo comprises approximately 0.8% of Kintegral Advisory LLC's portfolio, making the stock its 26th biggest holding. Kintegral Advisory LLC's holdings in PepsiCo were worth $5,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in PepsiCo by 2.5% in 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. Souders Financial Advisors boosted its position in shares of PepsiCo by 22.5% in the fourth quarter. Souders Financial Advisors now owns 4,274 shares of the company's stock valued at $650,000 after acquiring an additional 784 shares during the period. Assetmark Inc. grew its position in PepsiCo by 37.6% in the 4th quarter. Assetmark Inc. now owns 56,108 shares of the company's stock worth $8,532,000 after purchasing an additional 15,328 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of 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 during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $159.75.

PepsiCo Trading Down 0.7%

PEP stock traded down $0.91 during midday trading on Friday, hitting $135.58. 4,941,378 shares of the company's stock were exchanged, compared to its average volume of 7,048,532. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock's fifty day moving average price is $131.40 and its 200-day moving average price is $142.26. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a market cap of $185.88 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

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.