Knights of Columbus Asset Advisors LLC Has $9.68 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in PepsiCo by 27.6%, selling 24,573 shares, leaving them with a total of 64,571 shares valued at approximately $9.68 million.
• PepsiCo reported earnings per share (EPS) of $2.12 for the last quarter, surpassing analyst expectations of $2.03, with revenue reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.94%.

Knights of Columbus Asset Advisors LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,571 shares of the company's stock after selling 24,573 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in PepsiCo were worth $9,682,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at about $28,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at about $31,000. Finally, Summit Securities Group LLC bought a new stake in PepsiCo during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.7%

NASDAQ:PEP traded down $1.06 during trading hours on Friday, reaching $143.45. 6,596,497 shares of the stock were exchanged, compared to its average volume of 10,334,833. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a 50 day moving average of $133.58 and a 200 day moving average of $141.03. The stock has a market cap of $196.39 billion, a PE ratio of 26.13, a PEG ratio of 3.85 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday. UBS Group dropped 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.