PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Lbp Am Sa

LBP AM SA lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,057 shares of the company's stock after selling 32,080 shares during the period. LBP AM SA's holdings in PepsiCo were worth $18,751,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the 4th quarter valued at about $28,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter valued at approximately $31,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

Shares of PEP traded down $0.82 during mid-day trading on Friday, hitting $135.26. 7,958,581 shares of the company's stock were exchanged, compared to its average volume of 7,089,920. 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 company has a market cap of $185.45 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 4.21 and a beta of 0.45. The stock's 50-day moving average is $131.46 and its 200-day moving average is $141.78. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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 company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, UBS Group cut 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.19.

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.