PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,781 shares of the company's stock after selling 1,971 shares during the quarter. Parallel Advisors LLC's holdings in PepsiCo were worth $5,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Collier Financial acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PEP. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Down 0.2%

PepsiCo stock traded down $0.30 during trading on Friday, hitting $131.62. The company's stock had a trading volume of 12,988,871 shares, compared to its average volume of 6,551,860. The stock's fifty day moving average is $137.98 and its 200 day moving average is $147.15. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The stock has a market capitalization of $180.46 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47.

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 analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

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.