RBA Wealth Management LLC Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

RBA Wealth Management LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 90.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,855 shares of the company's stock after selling 25,980 shares during the quarter. RBA Wealth Management LLC's holdings in PepsiCo were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $31,000. Summit Securities Group LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $38,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PEP shares. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, UBS Group dropped 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. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Up 0.9%

PEP stock traded up $1.22 during midday trading on Wednesday, hitting $136.48. The company's stock had a trading volume of 9,379,600 shares, compared to its average volume of 7,030,739. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The firm has a 50-day simple moving average of $131.47 and a 200-day simple moving average of $142.58. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $187.12 billion, a P/E ratio of 20.07, a PEG ratio of 4.13 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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). The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

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.