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

Nisa Investment Advisors LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,999 shares of the company's stock after selling 267,436 shares during the quarter. PepsiCo makes up about 0.5% of Nisa Investment Advisors LLC's investment portfolio, making the stock its 28th largest position. Nisa Investment Advisors LLC owned 0.05% of PepsiCo worth $107,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ossiam increased its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp increased its position in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after purchasing an additional 6,112 shares during the period. Finally, Hutner Capital Management Inc. increased its position in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after purchasing an additional 6,865 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 1.2%

NASDAQ PEP traded up $1.60 during trading hours on Thursday, hitting $136.08. 8,864,567 shares of the company traded hands, compared to its average volume of 7,086,428. The business's 50-day moving average is $131.46 and its 200-day moving average is $141.78. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a market capitalization of $186.58 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 4.21 and a beta of 0.45.

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 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 company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $1.61 earnings per share. The business's revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts anticipate 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.18%. PepsiCo's dividend payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lowered their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America dropped 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. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday. Finally, UBS Group dropped 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.50.

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.