PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,448 shares of the company’s stock after selling 500 shares during the period. One Plus One Wealth Management LLC’s holdings in PepsiCo were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEP. Norges Bank bought a new position in shares of PepsiCo during the fourth quarter worth about $2,729,565,000. GAMMA Investing LLC grew its position in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. bought a new position in PepsiCo in the 4th quarter valued at about $589,307,000. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PepsiCo in the 4th quarter valued at about $221,297,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Bank of America decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

PEP stock opened at $130.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm has a market capitalization of $178.28 billion, a PE ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.45. The firm has a 50-day moving average of $136.15 and a two-hundred day moving average of $146.16.

PepsiCo (NASDAQ:PEP) 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 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company posted $1.61 earnings per share. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. PepsiCo’s dividend payout ratio is currently 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.