Mogy Joel R Investment Counsel Inc. Has $4.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mogy Joel R Investment Counsel Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,651 shares of the company's stock after selling 39,708 shares during the quarter. Mogy Joel R Investment Counsel Inc.'s holdings in PepsiCo were worth $4,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of PepsiCo by 6.1% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 48,299 shares of the company's stock valued at $7,242,000 after acquiring an additional 2,786 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings 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 purchasing an additional 2,458 shares during the period. Davis Investment Partners LLC bought a new position in PepsiCo during the first quarter worth about $691,000. Net Worth Advisory Group grew its holdings in PepsiCo by 11.5% during the first 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 grew its holdings in PepsiCo by 2.6% during the first 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 Trading Down 1.1%

PEP traded down $1.45 during trading on Friday, reaching $130.85. 9,578,363 shares of the stock traded hands, compared to its average volume of 6,677,016. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $179.41 billion, a PE ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. The stock's 50-day moving average is $134.63 and its 200 day moving average is $145.08. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 4.35%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Ratings Changes

A number of equities analysts recently commented on PEP shares. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. upped their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group decreased 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. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus 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.