PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,382 shares of the company's stock after selling 8,448 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in PepsiCo were worth $13,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Brighton Jones LLC boosted its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of PepsiCo by 22.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after purchasing an additional 824 shares during the last quarter. IMG Wealth Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth about $73,000. Finally, Cibc World Markets Corp raised its stake in PepsiCo by 20.1% during the fourth quarter. Cibc World Markets Corp now owns 523,875 shares of the company's stock worth $79,660,000 after acquiring an additional 87,501 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.19 during trading hours on Wednesday, hitting $135.00. The stock had a trading volume of 4,608,699 shares, compared to its average volume of 7,092,818. The stock's fifty day simple moving average is $131.62 and its 200 day simple moving average is $141.33. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The firm has a market capitalization of $185.10 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 4.24 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 EPS. PepsiCo's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. 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 currently 83.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PEP shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $158.00.

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.