PFS Partners LLC Sells 410 Shares of PepsiCo, Inc. (NASDAQ:PEP)

PFS Partners LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 49.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419 shares of the company’s stock after selling 410 shares during the quarter. PFS Partners LLC’s holdings in PepsiCo were worth $63,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $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 bought a new stake in PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter worth about $31,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Down 0.8%

PEP opened at $130.03 on Monday. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $178.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The firm’s fifty day moving average is $136.15 and its 200 day moving average is $146.06.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the business posted $1.61 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business 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 represents a $5.69 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 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.