Pathstone Holdings LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Pathstone Holdings LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 220,818 shares of the company's stock after selling 21,662 shares during the period. Pathstone Holdings LLC's holdings in PepsiCo were worth $33,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Collier Financial purchased a new position in PepsiCo during the fourth quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.48 during trading hours on Friday, reaching $131.98. 8,714,233 shares of the stock traded hands, compared to its average volume of 6,371,459. The company has a 50 day moving average price of $141.78 and a 200 day moving average price of $149.90. The firm has a market capitalization of $180.96 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $127.87 and a one year high of $182.96. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. 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 dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

About PepsiCo

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.