Paradigm Capital Management LLC NV Decreases Holdings in PepsiCo, Inc. $PEP

Paradigm Capital Management LLC NV trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,845 shares of the company’s stock after selling 130 shares during the period. Paradigm Capital Management LLC NV’s holdings in PepsiCo were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Northern Trust Corp increased its position in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after purchasing an additional 49,699 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PEP shares. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $158.73.

PepsiCo Price Performance

Shares of PEP opened at $149.55 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The stock’s 50 day moving average is $137.79 and its two-hundred day moving average is $140.48. The firm has a market capitalization of $204.75 billion, a PE ratio of 27.24, a P/E/G ratio of 4.01 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is 103.64%.

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.