Octavia Wealth Advisors LLC Sells 3,175 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Octavia Wealth Advisors LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,250 shares of the company's stock after selling 3,175 shares during the quarter. Octavia Wealth Advisors LLC's holdings in PepsiCo were worth $2,437,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PEP. Ossiam increased its holdings in PepsiCo by 138.9% during the 4th 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 last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. increased its holdings in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $47,899,000. Finally, WCM Investment Management LLC increased its holdings in shares of PepsiCo by 147.6% in 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. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 1.5%

Shares of NASDAQ:PEP traded down $1.93 during midday trading on Wednesday, reaching $129.90. The company had a trading volume of 9,161,006 shares, compared to its average volume of 6,627,473. 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 business's 50 day moving average price is $135.04 and its 200 day moving average price is $145.63. The stock has a market cap of $178.10 billion, a PE ratio of 18.69, a P/E/G ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is 83.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays reduced 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. Finally, Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

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.