PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lowered by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,141 shares of the company's stock after selling 3,759 shares during the period. PepsiCo comprises approximately 0.5% of McElhenny Sheffield Capital Management LLC's portfolio, making the stock its 18th biggest holding. McElhenny Sheffield Capital Management LLC's holdings in PepsiCo were worth $1,221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PEP. Allen Mooney & Barnes Investment Advisors LLC lifted its position in PepsiCo by 6.1% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 48,299 shares of the company's stock worth $7,242,000 after buying an additional 2,786 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in PepsiCo by 5.3% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 48,990 shares of the company's stock worth $7,346,000 after buying an additional 2,458 shares during the period. Davis Investment Partners LLC purchased a new position in shares of PepsiCo in the 1st quarter worth about $691,000. Net Worth Advisory Group raised its holdings in shares of PepsiCo by 11.5% in the 1st quarter. Net Worth Advisory Group now owns 10,318 shares of the company's stock worth $1,547,000 after purchasing an additional 1,065 shares during the period. Finally, apricus wealth LLC raised its holdings in shares of PepsiCo by 2.6% in the 1st quarter. apricus wealth LLC now owns 3,644 shares of the company's stock worth $546,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP traded up $2.40 during mid-day trading on Thursday, hitting $132.30. The stock had a trading volume of 11,432,993 shares, compared to its average volume of 6,648,128. The company has a market cap of $181.39 billion, a PE ratio of 19.04, a PEG ratio of 3.09 and a beta of 0.45. The company's fifty day simple moving average is $135.04 and its two-hundred day simple moving average is $145.63. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly 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). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.30%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PEP. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $160.69.

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.