PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent 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 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PEP traded down $1.60 during trading hours on Monday, hitting $129.85. The stock had a trading volume of 2,942,391 shares, compared to its average volume of 6,537,736. The firm has a market capitalization of $178.04 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a 50-day moving average price of $137.98 and a 200 day moving average price of $147.02. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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). 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 period in the previous year, the company earned $1.61 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed 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 is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 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.