Harbour Trust & Investment Management Co Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Harbour Trust & Investment Management Co lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,782 shares of the company's stock after selling 3,997 shares during the period. PepsiCo comprises approximately 1.4% of Harbour Trust & Investment Management Co's holdings, making the stock its 21st largest holding. Harbour Trust & Investment Management Co's holdings in PepsiCo were worth $11,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth $31,000. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo during the 4th quarter worth $38,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded down $1.10 during trading hours on Thursday, reaching $135.38. The company's stock had a trading volume of 2,979,848 shares, compared to its average volume of 7,025,206. The firm has a market capitalization of $185.61 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 4.23 and a beta of 0.45. The company's 50-day moving average is $131.36 and its two-hundred day moving average is $142.54. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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). The company had revenue of $17.92 billion during 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%. PepsiCo's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. On average, equities analysts predict 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. Investors of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

Several analysts recently issued reports on PEP shares. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $159.75.

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.