Unigestion Holding SA Sells 81,740 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Unigestion Holding SA trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 62.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,287 shares of the company's stock after selling 81,740 shares during the period. Unigestion Holding SA's holdings in PepsiCo were worth $7,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bridge Creek Capital Management LLC grew its stake in shares of PepsiCo by 0.5% during the first quarter. Bridge Creek Capital Management LLC now owns 37,694 shares of the company's stock valued at $5,652,000 after acquiring an additional 185 shares in the last quarter. Legacy Financial Group LLC boosted its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the period. Spring Capital Management LLC increased its position in PepsiCo by 4.5% in the first quarter. Spring Capital Management LLC now owns 27,854 shares of the company's stock worth $4,176,000 after buying an additional 1,194 shares during the period. Marshall & Sullivan Inc. WA increased its holdings in shares of PepsiCo by 0.6% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 31,088 shares of the company's stock worth $4,661,000 after acquiring an additional 200 shares during the period. Finally, Bank & Trust Co boosted its stake in PepsiCo by 15.5% during the 1st quarter. Bank & Trust Co now owns 6,683 shares of the company's stock valued at $1,002,000 after purchasing an additional 899 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.11 during mid-day trading on Wednesday, reaching $131.74. 6,514,304 shares of the company were exchanged, compared to its average volume of 6,561,607. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $180.63 billion, a PE ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The company has a fifty day moving average of $137.27 and a 200 day moving average of $146.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm 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 dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Barclays reduced 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. Wall Street Zen lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.69.

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.