Bay Colony Advisory Group Inc d b a Bay Colony Advisors Lowers Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,218 shares of the company’s stock after selling 352 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in PepsiCo were worth $1,227,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $31,000. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $38,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $129.07 on Thursday. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm has a market cap of $176.97 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. The business’s 50 day moving average price is $133.80 and its 200 day moving average price is $144.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the company earned $1.61 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 4.41%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) 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.