PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Iowa State Bank

Iowa State Bank cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,125 shares of the company's stock after selling 4,910 shares during the period. Iowa State Bank's holdings in PepsiCo were worth $5,417,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Ossiam raised its stake in shares of PepsiCo by 138.9% in the 4th 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 shares of PepsiCo by 12.1% in 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 during the period. Hutner Capital Management Inc. raised its stake in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $47,899,000. Finally, WCM Investment Management LLC raised its stake in shares of PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after acquiring an additional 8,759 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Down 0.4%

Shares of NASDAQ:PEP traded down $0.54 during trading on Monday, hitting $130.91. 6,722,029 shares of the company were exchanged, compared to its average volume of 6,552,418. 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 firm's 50 day moving average price is $137.98 and its 200-day moving average price is $147.02. The stock has a market capitalization of $179.49 billion, a P/E ratio of 18.84, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS 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 for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. On average, research 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. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.35%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 83.68%.

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.