Northeast Investment Management Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Northeast Investment Management decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,949 shares of the company's stock after selling 13,321 shares during the period. Northeast Investment Management's holdings in PepsiCo were worth $11,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Tcfg Wealth Management LLC lifted its stake in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares in the last quarter. 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 worth $388,000 after buying an additional 70 shares in the last quarter. Lokken Investment Group LLC grew its stake in shares of PepsiCo by 0.9% in the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in PepsiCo by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company's stock worth $4,271,000 after purchasing an additional 71 shares during the period. Finally, Legacy Financial Group LLC increased its stake in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock traded up $1.67 during midday trading on Thursday, hitting $131.57. The company had a trading volume of 5,017,901 shares, compared to its average volume of 6,621,968. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. 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 company's 50 day simple moving average is $135.04 and its 200 day simple moving average is $145.63. The stock has a market cap of $180.39 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 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 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. Research analysts anticipate 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. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. 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

A number of equities research analysts have commented on PEP shares. 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 report on Friday, April 25th. Barclays cut their target price 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. Citigroup dropped their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. 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, the company has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo 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.