Oppenheimer & Co. Inc. Sells 17,278 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Oppenheimer & Co. Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,607 shares of the company's stock after selling 17,278 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in PepsiCo were worth $20,483,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PEP. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter valued at $31,000. Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in PepsiCo in the 4th quarter valued at $38,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.02 on Monday, hitting $129.09. 12,835,321 shares of the stock were exchanged, compared to its average volume of 6,815,709. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $176.99 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm's 50 day moving average is $132.83 and its two-hundred day moving average is $143.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.41%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley decreased their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo 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.