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

LBP AM SA decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.4% in the first quarter, according to its most recent Form 13F filing with the SEC. 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 quarter.

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

PepsiCo Trading Up 1.2%

NASDAQ:PEP traded up $1.60 on Thursday, hitting $136.08. The stock had a trading volume of 8,864,567 shares, compared to its average volume of 7,086,428. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a market cap of $186.58 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 4.21 and a beta of 0.45. The company has a fifty day moving average price of $131.46 and a two-hundred day moving average price of $141.78. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PEP shares. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Bank of America lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. One 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 company. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.50.

About PepsiCo

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.