Nixon Peabody Trust Co. Has $8.50 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Nixon Peabody Trust Co. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 36.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,659 shares of the company's stock after selling 31,980 shares during the quarter. Nixon Peabody Trust Co.'s holdings in PepsiCo were worth $8,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PEP. Collier Financial purchased a new stake in PepsiCo during the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.63 on Thursday, reaching $131.11. The stock had a trading volume of 9,544,839 shares, compared to its average volume of 6,581,312. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The business's 50-day moving average price is $136.92 and its two-hundred day moving average price is $146.62. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $179.76 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business earned $1.61 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.34%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Barclays dropped their price target on 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 dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley decreased 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 note on Friday, April 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $160.69.

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.