Nisa Investment Advisors LLC Sells 267,436 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Nisa Investment Advisors LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 717,999 shares of the company's stock after selling 267,436 shares during the quarter. PepsiCo accounts for 0.5% of Nisa Investment Advisors LLC's portfolio, making the stock its 28th largest position. Nisa Investment Advisors LLC owned about 0.05% of PepsiCo worth $107,657,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Topsail Wealth Management LLC boosted its stake in shares of PepsiCo by 89.8% during the 1st quarter. Topsail Wealth Management LLC now owns 2,654 shares of the company's stock worth $398,000 after acquiring an additional 1,256 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in shares of PepsiCo by 5.6% during the 1st quarter. Moloney Securities Asset Management LLC now owns 18,502 shares of the company's stock worth $2,774,000 after acquiring an additional 982 shares in the last quarter. Wealth Advisory Solutions LLC boosted its stake in shares of PepsiCo by 2,017.1% during the 1st quarter. Wealth Advisory Solutions LLC now owns 36,668 shares of the company's stock worth $5,499,000 after acquiring an additional 34,936 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of PepsiCo by 0.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 70,444 shares of the company's stock worth $10,563,000 after acquiring an additional 198 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its stake in shares of PepsiCo by 1.5% during the 1st quarter. Twelve Points Wealth Management LLC now owns 13,421 shares of the company's stock worth $2,012,000 after acquiring an additional 193 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock traded down $0.82 during trading hours on Friday, hitting $135.26. The stock had a trading volume of 7,958,581 shares, compared to its average volume of 7,089,923. The company has a 50-day moving average of $131.46 and a two-hundred day moving average of $141.78. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company has a market cap of $185.45 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company earned $1.61 EPS. The company's revenue was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. PepsiCo's dividend payout ratio is presently 83.68%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $158.19.

About PepsiCo

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.