Stevens Capital Management LP Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Stevens Capital Management LP has reduced its stake in PepsiCo by 29.4%, selling 7,140 shares and now owning 17,182 shares valued at approximately $2.58 million.
• PepsiCo recently reported an EPS of $2.12 for the quarter, exceeding estimates by $0.09, and achieved a revenue of $22.73 billion, slightly above analysts' expectations.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69, which reflects a yield of 3.94%.

Stevens Capital Management LP lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,182 shares of the company's stock after selling 7,140 shares during the period. Stevens Capital Management LP's holdings in PepsiCo were worth $2,576,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock traded down $1.06 during trading hours on Friday, hitting $143.45. 6,596,497 shares of the company were exchanged, compared to its average volume of 10,334,833. The firm has a fifty day simple moving average of $133.58 and a 200 day simple moving average of $141.03. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The stock has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 3.85 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $2.28 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.97%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PEP shares. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One equities 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. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $158.73.

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.