PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Vident Advisory LLC

Vident Advisory LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,307 shares of the company's stock after selling 27,219 shares during the quarter. Vident Advisory LLC's holdings in PepsiCo were worth $5,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.1%

PEP stock opened at $131.79 on Tuesday. The company's 50 day moving average price is $141.05 and its 200 day moving average price is $149.19. 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 $127.87 and a fifty-two week high of $182.13. The firm has a market capitalization of $180.69 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate 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. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PEP shares. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays reduced their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. HSBC reduced their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Bank of America reduced their price objective on shares of 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 lowered 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 report on Wednesday, March 12th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Company 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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