MADDEN SECURITIES Corp Has $281,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

MADDEN SECURITIES Corp reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 56.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,876 shares of the company's stock after selling 2,390 shares during the period. MADDEN SECURITIES Corp's holdings in PepsiCo were worth $281,000 at the end of the most recent quarter.

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

PepsiCo Stock Up 1.4%

Shares of PEP traded up $1.87 during trading hours on Tuesday, hitting $131.83. 11,844,887 shares of the company were exchanged, compared to its average volume of 6,635,101. The firm's 50 day moving average is $135.76 and its 200-day moving average is $145.84. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a market cap of $180.75 billion, a PE ratio of 18.97, a PEG ratio of 3.09 and a beta of 0.45.

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

PepsiCo Increases Dividend

The business also recently announced 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. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. UBS Group cut their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $160.69.

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.