Wealth Enhancement Advisory Services LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,067,990 shares of the company's stock after selling 42,494 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of PepsiCo worth $160,135,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter worth $31,000. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 73.07% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on PEP shares. Barclays cut their price objective 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 set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Bank of America reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $160.69.
Check Out Our Latest Research Report on PEP
PepsiCo Stock Performance
Shares of NASDAQ PEP opened at $129.07 on Thursday. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company has a market cap of $176.97 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. The stock has a 50 day simple moving average of $133.80 and a 200-day simple moving average of $144.52.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. On average, 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 paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
PepsiCo Company Profile
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Free Report)
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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