OneDigital Investment Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,935 shares of the company's stock after selling 3,028 shares during the period. OneDigital Investment Advisors LLC's holdings in PepsiCo were worth $8,387,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Assetmark Inc. grew its holdings in shares of PepsiCo by 37.6% in the fourth quarter. Assetmark Inc. now owns 56,108 shares of the company's stock worth $8,532,000 after purchasing an additional 15,328 shares during the last quarter. Proficio Capital Partners LLC increased its stake in PepsiCo by 22.7% in the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after buying an additional 824 shares during the period. Finally, E Fund Management Co. Ltd. boosted its position in PepsiCo by 41.9% in the 4th quarter. E Fund Management Co. Ltd. now owns 31,200 shares of the company's stock valued at $4,744,000 after buying an additional 9,217 shares during the period. 73.07% of the stock is owned by institutional investors.
Analyst Ratings Changes
PEP has been the subject of several research analyst reports. Barclays decreased their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Citigroup cut their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley decreased their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. 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, PepsiCo presently has a consensus rating of "Hold" and an average target price of $159.75.
Check Out Our Latest Research Report on PEP
PepsiCo Price Performance
Shares of NASDAQ PEP traded down $0.91 during midday trading on Friday, hitting $135.58. The stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. The company has a market capitalization of $185.88 billion, a PE ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The stock has a 50 day simple moving average of $131.40 and a 200-day simple moving average of $142.26. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.20%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.
PepsiCo Company Profile
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Free Report)
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.
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