CRA Financial Services LLC Sells 512 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CRA Financial Services LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,016 shares of the company’s stock after selling 512 shares during the period. CRA Financial Services LLC’s holdings in PepsiCo were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $224,000. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $9,268,000. Mcrae Capital Management Inc. increased its position in shares of PepsiCo by 1.0% during the 4th quarter. Mcrae Capital Management Inc. now owns 10,063 shares of the company’s stock valued at $1,530,000 after purchasing an additional 97 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of PepsiCo by 62.4% during the 4th quarter. Vontobel Holding Ltd. now owns 3,014,101 shares of the company’s stock valued at $458,324,000 after purchasing an additional 1,157,835 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEP shares. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Morgan Stanley reduced their target price 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. 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. Finally, Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 1.1%

NASDAQ PEP opened at $130.85 on Friday. 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 company has a market capitalization of $179.41 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock has a 50 day moving average price of $134.63 and a 200-day moving average price of $145.20.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 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 firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given 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 4.35%. The ex-dividend date is Friday, June 6th. 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.