Sequoia Financial Advisors LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sequoia Financial Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,334 shares of the company's stock after purchasing an additional 11,426 shares during the quarter. Sequoia Financial Advisors LLC's holdings in PepsiCo were worth $33,787,000 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 stock. Ossiam boosted its stake in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. raised its position in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in PepsiCo in the 4th quarter worth $47,899,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $2.82 during trading hours on Friday, reaching $131.04. The company's stock had a trading volume of 26,530,795 shares, compared to its average volume of 6,977,393. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a 50 day moving average price of $132.07 and a 200-day moving average price of $143.22. The stock has a market cap of $179.67 billion, a P/E ratio of 19.27, a P/E/G ratio of 3.68 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. 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 prior year, the firm posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

Several research analysts recently weighed in on PEP shares. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Morgan Stanley dropped their target price 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. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $159.75.

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.