PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 68.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,949 shares of the company's stock after selling 6,362 shares during the quarter. Strategic Advisors LLC's holdings in PepsiCo were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

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

PepsiCo Trading Down 1.6%

NASDAQ:PEP opened at $129.29 on Wednesday. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a fifty day simple moving average of $134.13 and a 200-day simple moving average of $144.63. The company has a market capitalization of $177.27 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.77 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America dropped their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target 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.

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