PepsiCo, Inc. (NASDAQ:PEP) Holdings Lowered by New Capital Management LP

New Capital Management LP lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,961 shares of the company's stock after selling 5,209 shares during the quarter. PepsiCo comprises 2.3% of New Capital Management LP's portfolio, making the stock its 9th biggest holding. New Capital Management LP's holdings in PepsiCo were worth $7,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $31,000. Summit Securities Group LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo in the fourth quarter valued at $38,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Jefferies Financial Group cut shares of 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. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Morgan Stanley dropped their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. One equities 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $159.75.

PepsiCo Price Performance

PEP opened at $135.58 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The business has a fifty day moving average of $131.36 and a 200 day moving average of $142.40. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The stock has a market cap of $185.88 billion, a P/E ratio of 19.94, a PEG ratio of 4.27 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 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.

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