Lbp Am Sa Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

LBP AM SA trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,057 shares of the company's stock after selling 32,080 shares during the quarter. LBP AM SA's holdings in PepsiCo were worth $18,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PEP. Axxcess Wealth Management LLC raised its holdings in shares of PepsiCo by 0.3% in the first quarter. Axxcess Wealth Management LLC now owns 70,444 shares of the company's stock worth $10,563,000 after buying an additional 198 shares during the last quarter. Twelve Points Wealth Management LLC increased its holdings in PepsiCo by 1.5% in the first quarter. Twelve Points Wealth Management LLC now owns 13,421 shares of the company's stock valued at $2,012,000 after buying an additional 193 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of PepsiCo by 2.0% in the first quarter. Rehmann Capital Advisory Group now owns 13,939 shares of the company's stock valued at $2,090,000 after purchasing an additional 278 shares during the period. Slagle Financial LLC grew its position in shares of PepsiCo by 0.9% in the first quarter. Slagle Financial LLC now owns 33,903 shares of the company's stock valued at $5,083,000 after purchasing an additional 304 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of PepsiCo by 28.3% in the first quarter. Cornerstone Planning Group LLC now owns 649 shares of the company's stock valued at $92,000 after purchasing an additional 143 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.56 during trading on Wednesday, reaching $134.48. 7,759,078 shares of the company traded hands, compared to its average volume of 7,075,337. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The firm has a market capitalization of $184.38 billion, a PE ratio of 19.78, a PEG ratio of 4.21 and a beta of 0.45. The company's 50 day moving average is $131.43 and its two-hundred day moving average is $141.93.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEP. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $159.75.

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.