PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Retirement Guys Formula LLC

Retirement Guys Formula LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 44.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,890 shares of the company's stock after selling 5,578 shares during the period. Retirement Guys Formula LLC's holdings in PepsiCo were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC lifted its stake in PepsiCo by 0.7% in the first quarter. Chevy Chase Trust Holdings LLC now owns 994,193 shares of the company's stock valued at $149,069,000 after buying an additional 7,255 shares during the last quarter. WoodTrust Financial Corp increased its holdings in shares of PepsiCo by 16.1% in the 1st quarter. WoodTrust Financial Corp now owns 71,000 shares of the company's stock worth $10,646,000 after acquiring an additional 9,864 shares during the period. Consolidated Portfolio Review Corp lifted its position in PepsiCo by 95.6% in the 1st quarter. Consolidated Portfolio Review Corp now owns 5,847 shares of the company's stock valued at $877,000 after purchasing an additional 2,857 shares during the last quarter. Hofer & Associates. Inc boosted its stake in PepsiCo by 16.8% during the 1st quarter. Hofer & Associates. Inc now owns 3,373 shares of the company's stock valued at $506,000 after purchasing an additional 486 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in PepsiCo by 484.5% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 643 shares of the company's stock worth $96,000 after purchasing an additional 533 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.0%

PepsiCo stock opened at $129.09 on Tuesday. The firm has a market cap of $176.99 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm's 50 day moving average price is $132.83 and its two-hundred day moving average price is $143.63. 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 issued 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 return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given 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 4.41%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company 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 note on Monday, April 28th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.

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