PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,497 shares of the company's stock after selling 5,976 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in PepsiCo were worth $15,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the 4th quarter valued at approximately $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PEP shares. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Bank of America reduced their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Morgan Stanley cut their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Down 1.1%

Shares of PEP stock traded down $1.45 during trading hours on Friday, reaching $130.85. 9,578,363 shares of the company's stock were exchanged, compared to its average volume of 6,664,721. The company has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock's 50 day moving average is $134.63 and its 200-day moving average is $145.20. 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 announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share 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 company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.35%. PepsiCo's payout ratio 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.