Tobam Sells 2,295 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tobam trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 62.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,379 shares of the company's stock after selling 2,295 shares during the period. Tobam's holdings in PepsiCo were worth $207,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Ossiam raised its holdings in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp raised its stake in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. lifted its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth $47,899,000. Finally, Inspire Trust Co. N.A. grew its holdings in shares of PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock valued at $2,604,000 after buying an additional 4,825 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP traded down $1.45 on Friday, hitting $130.85. The company had a trading volume of 9,578,363 shares, compared to its average volume of 6,664,721. The stock has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company's fifty day moving average price is $134.63 and its 200 day moving average price is $145.20. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. PepsiCo's quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.69.

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.