Union Bancaire Privee UBP SA Sells 13,742 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Union Bancaire Privee UBP SA cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,243 shares of the company's stock after selling 13,742 shares during the period. Union Bancaire Privee UBP SA's holdings in PepsiCo were worth $7,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Tcfg Wealth Management LLC grew its holdings 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. grew 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 acquiring an additional 70 shares in the last quarter. Lokken Investment Group LLC grew its holdings in PepsiCo by 0.9% during the 4th 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. grew 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 acquiring an additional 71 shares in the last quarter. Finally, Legacy Financial Group LLC grew its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PEP shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $2.40 on Thursday, reaching $132.30. The stock had a trading volume of 11,432,993 shares, compared to its average volume of 6,648,128. The business's 50-day moving average price is $135.04 and its two-hundred day moving average price is $145.63. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The stock has a market cap of $181.39 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is 83.68%.

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.