PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,945 shares of the company's stock after selling 8,608 shares during the quarter. Analyst IMS Investment Management Services Ltd.'s holdings in PepsiCo were worth $1,341,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. Ossiam boosted its stake in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in shares of 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 acquiring an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. increased its stake 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 worth $8,178,000 after acquiring an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth $47,899,000. Finally, Inspire Trust Co. N.A. boosted its position in 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 purchasing an additional 4,825 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One equities 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 company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $129.29 on Wednesday. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The firm's 50-day moving average price is $134.13 and its two-hundred day moving average price is $144.63. 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 stock has a market capitalization of $177.27 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 3.77 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.61 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio 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.

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