Kathmere Capital Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 42.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,488 shares of the company's stock after selling 4,046 shares during the period. Kathmere Capital Management LLC's holdings in PepsiCo were worth $823,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. TAGStone Capital Inc. lifted its holdings in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its holdings in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares in the last quarter. Legacy Financial Group LLC lifted its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares in the last quarter. Atlantic Private Wealth LLC lifted its holdings in PepsiCo by 37.5% during the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after buying an additional 75 shares in the last quarter. Finally, Pflug Koory LLC lifted its holdings in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Performance
NASDAQ PEP traded down $0.82 during mid-day trading on Friday, reaching $135.26. 7,958,581 shares of the stock were exchanged, compared to its average volume of 7,078,854. The business's 50 day moving average is $131.49 and its 200-day moving average is $141.58. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a market capitalization of $185.45 billion, a P/E ratio of 19.89, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.61 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
Wall Street Analyst Weigh In
Several research firms have recently commented on PEP. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $158.19.
Read Our Latest Stock Analysis on PepsiCo
About PepsiCo
(
Free Report)
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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