Webster Bank N. A. Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Webster Bank N. A. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,625 shares of the company's stock after selling 3,708 shares during the quarter. Webster Bank N. A.'s holdings in PepsiCo were worth $3,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Sage Capital Advisors llc lifted its position in shares of PepsiCo by 64.1% in the 1st quarter. Sage Capital Advisors llc now owns 62,473 shares of the company's stock worth $9,367,000 after buying an additional 24,408 shares during the last quarter. Moody National Bank Trust Division lifted its position in PepsiCo by 1.5% in the 1st quarter. Moody National Bank Trust Division now owns 19,217 shares of the company's stock worth $2,881,000 after buying an additional 288 shares in the last quarter. Agate Pass Investment Management LLC lifted its stake in shares of PepsiCo by 17.1% in the 1st quarter. Agate Pass Investment Management LLC now owns 22,602 shares of the company's stock valued at $3,389,000 after purchasing an additional 3,294 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of PepsiCo by 52.8% during the 1st quarter. Versant Capital Management Inc now owns 6,604 shares of the company's stock worth $990,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Jacobs & Co. CA grew its holdings in shares of PepsiCo by 1.3% during the 1st quarter. Jacobs & Co. CA now owns 88,042 shares of the company's stock worth $13,201,000 after purchasing an additional 1,098 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Jefferies Financial Group cut 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 research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. HSBC cut their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Down 0.2%

Shares of PepsiCo stock traded down $0.30 on Friday, reaching $131.62. The company had a trading volume of 12,988,871 shares, compared to its average volume of 6,558,307. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm's 50-day moving average price is $137.98 and its two-hundred day moving average price is $147.27. The firm has a market cap of $180.46 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, June 6th. 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.