PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,897 shares of the company's stock after selling 4,229 shares during the period. Quintet Private Bank Europe S.A.'s holdings in PepsiCo were worth $2,983,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter valued at about $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 1.1%

Shares of NASDAQ:PEP traded down $1.45 during mid-day trading on Friday, reaching $130.85. 9,578,363 shares of the company were exchanged, compared to its average volume of 6,668,925. 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 has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. The firm's 50-day simple moving average is $134.82 and its 200 day simple moving average is $145.42. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays dropped their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.