PepsiCo, Inc. (NASDAQ:PEP) Stake Cut by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,763 shares of the company's stock after selling 5,650 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in PepsiCo were worth $5,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ossiam lifted its stake in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the period. Hutner Capital Management Inc. lifted its stake in shares of PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after buying an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of PepsiCo during the 4th quarter valued at about $47,899,000. Finally, WCM Investment Management LLC increased its stake in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after acquiring an additional 8,759 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Bank of America dropped their price objective 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. Finally, BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Down 0.2%

PepsiCo stock traded down $0.30 during midday trading on Friday, hitting $131.62. 12,988,871 shares of the stock were exchanged, compared to its average volume of 6,558,307. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm has a market cap of $180.46 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a 50 day moving average price of $138.26 and a two-hundred day moving average price of $147.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.61 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.

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.