PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,173 shares of the company’s stock after selling 440 shares during the period. Silver Lake Advisory LLC’s holdings in PepsiCo were worth $776,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEP. Brighton Jones LLC grew its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG grew its stake in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after buying an additional 11,538 shares during the period. Pring Turner Capital Group Inc. raised its stake in shares of PepsiCo by 29.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 1,545 shares of the company’s stock valued at $235,000 after acquiring an additional 350 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of PepsiCo by 16.3% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 44,626 shares of the company’s stock valued at $6,808,000 after acquiring an additional 6,252 shares in the last quarter. Finally, CWS Financial Advisors LLC increased its holdings in PepsiCo by 6.0% in the 4th quarter. CWS Financial Advisors LLC now owns 11,140 shares of the company’s stock valued at $1,694,000 after purchasing an additional 631 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.5%

NASDAQ:PEP opened at $131.05 on Wednesday. The company has a market cap of $179.68 billion, a PE ratio of 19.27, a P/E/G ratio of 3.71 and a beta of 0.45. The business’s 50 day moving average is $132.60 and its two-hundred day moving average is $143.54. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.34%. PepsiCo’s dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays dropped their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $159.75.

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.