Legacy Advisors LLC Sells 7,830 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Legacy Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,728 shares of the company's stock after selling 7,830 shares during the quarter. Legacy Advisors LLC's holdings in PepsiCo were worth $3,408,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $31,000. Summit Securities Group LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $33,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $38,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.0%

PepsiCo stock opened at $129.09 on Tuesday. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The firm has a market capitalization of $176.99 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.46. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a 50 day simple moving average of $132.83 and a 200 day simple moving average of $143.63.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PEP shares. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Royal Bank Of Canada reissued a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Barclays decreased their price target 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. Finally, Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $160.69.

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.

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