Orser Capital Management LLC Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Orser Capital Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 89.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,710 shares of the company's stock after selling 13,976 shares during the period. Orser Capital Management LLC's holdings in PepsiCo were worth $256,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PEP. CGN Advisors LLC lifted its stake in PepsiCo by 4.4% in the first quarter. CGN Advisors LLC now owns 23,039 shares of the company's stock valued at $3,454,000 after buying an additional 980 shares during the last quarter. Bridge Creek Capital Management LLC grew its position in shares of PepsiCo by 0.5% during the first quarter. Bridge Creek Capital Management LLC now owns 37,694 shares of the company's stock worth $5,652,000 after acquiring an additional 185 shares during the last quarter. Legacy Financial Group LLC increased its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Spring Capital Management LLC boosted its stake in PepsiCo by 4.5% during the 1st quarter. Spring Capital Management LLC now owns 27,854 shares of the company's stock worth $4,176,000 after purchasing an additional 1,194 shares during the period. Finally, Marshall & Sullivan Inc. WA grew its position in PepsiCo by 0.6% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 31,088 shares of the company's stock worth $4,661,000 after purchasing an additional 200 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Bank of America dropped their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Price Performance

Shares of PEP stock traded down $0.11 during trading hours on Wednesday, hitting $131.74. The company's stock had a trading volume of 6,514,304 shares, compared to its average volume of 6,561,607. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The stock has a market cap of $180.63 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47. The business has a fifty day moving average of $137.27 and a 200-day moving average of $146.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the company posted $1.61 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

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.