Fiduciary Alliance LLC Lowers Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fiduciary Alliance LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,878 shares of the company's stock after selling 3,642 shares during the period. Fiduciary Alliance LLC's holdings in PepsiCo were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Talbot Financial LLC increased its holdings in PepsiCo by 1.9% in the 1st quarter. Talbot Financial LLC now owns 56,133 shares of the company's stock valued at $8,417,000 after buying an additional 1,050 shares during the period. Douglas Lane & Associates LLC boosted its stake in PepsiCo by 6.5% in the first quarter. Douglas Lane & Associates LLC now owns 235,349 shares of the company's stock worth $35,288,000 after purchasing an additional 14,427 shares in the last quarter. American National Bank & Trust raised its holdings in shares of PepsiCo by 213.4% in the first quarter. American National Bank & Trust now owns 84,942 shares of the company's stock valued at $12,736,000 after buying an additional 57,840 shares during the last quarter. Dakota Community Bank & Trust NA increased its position in PepsiCo by 29.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,543 shares of the company's stock valued at $381,000 after acquiring an additional 577 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of PepsiCo by 5.9% in the first quarter. Czech National Bank now owns 315,012 shares of the company's stock worth $47,233,000 after acquiring an additional 17,537 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PepsiCo stock traded down $0.11 during trading on Wednesday, hitting $131.74. The stock had a trading volume of 6,514,304 shares, compared to its average volume of 6,561,606. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock's 50 day moving average is $137.27 and its two-hundred day moving average is $146.72. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The stock has a market cap of $180.63 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Wall Street Zen lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Company 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.