First Hawaiian Bank Sells 1,944 Shares of PepsiCo, Inc. (NASDAQ:PEP)

First Hawaiian Bank lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,263 shares of the company's stock after selling 1,944 shares during the quarter. First Hawaiian Bank's holdings in PepsiCo were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter valued at $31,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. Wall Street Zen lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Down 0.2%

Shares of NASDAQ:PEP traded down $0.30 on Friday, reaching $131.62. 12,988,871 shares of the company traded hands, compared to its average volume of 6,551,860. The business's 50-day simple moving average is $137.98 and its 200 day simple moving average is $147.27. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a market capitalization of $180.46 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

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.